mryounggun
OG
Within the next 3 years, all of them people will be contacted by the federal government.
Within the next 3 years, all of them people will be contacted by the federal government.
How many years would you think is fair for stealing money from the feds and committing fraud?
Loch121
OG
Well you might not see me after 2024 on the board
Disanthrope
Inconvenient Truth + Necessary Evil
I'm disgusted that it took so long for someone to say this, everybody else is celebrating
Loch121
OG
it's murderers getting out before this nigga
Disanthrope
Inconvenient Truth + Necessary Evil
Loch121
OG
None,fuck them
Stomp Johnson
Smooth.
Damn cuh. Streets lost a real one.
Loch121
OG
SneakDZA
High Brow Negro
At least less than those capital insurrectionists.
Royal
Active Member
How much money did you get ?
Royal
Active Member
That's all I know and he got married to Karlie Redd. I wonder if this affects her.
konceptjones
The one between three and three.
LOVE & HIP HOP' STAR MO FAYNEGETS 17 YEARS IN PRISON IN PPP LOAN FRAUD CASEGotta Pay Back $4.4M!!!
Rapper Mo Fayne's going away for a long, long time for his role in a PPP loan fraud case ... he's just been sentenced to 210 months in prison -- that's 17.5 years.
According to new legal docs, obtained by TMZ, the "Love & Hip Hop: Atlanta" star was hit with the prison sentence after pleading guilty to 6 counts, including bank and wire fraud.
Remember ... prosecutors alleged he funded a lavish lifestyle during the pandemic with money from the Paycheck Protection Program. The money was intended to help employees and small businesses hit hard by COVID.
Fayne had cut a plea deal with prosecutors ... who agreed to drop 14 other charges and recommend Fayne get a 151-month sentence. Instead ... the judge hit him with nearly 5 more years behind bars. The silver lining ... he was staring down a possible 30-year sentence if he didn't cut that deal, so take that for what it's worth.
According to the Dept. of Justice ... Fayne submitted a $3.7 million PPP loan application, falsely claiming his trucking business had 107 employees and an average monthly payroll of $1,490,200.
The feds say Fayne promised to use the PPP loan to retain workers and maintain payroll but instead used it for improper purposes ... including $40k for past-due child support, $85k for for jewelry, $136k for a Rolls-Royce, and $907k to start a new business in Arkansas.
After he's released from prison ... Fayne will be on 5 years of supervised release. He also has to pay a huge restitution bill ... a whopping $4,465,865.55.
Fuck dude. Niggas like him are why it's been so hard for me to get my loans from the SBA.
konceptjones
The one between three and three.
A single count of making false statements to the SBA or a financial institution can carry 30 years. Same for mortgage fraud and bank fraud (which also includes lying on a credit card application).
He got off light as hell.