Former reality T.V star Maurice Fayne has not only found himself in a world of trouble, er, he’s now entirely ruined his career. According to a media alert from the authorities, Fayne has been indicted on numerous federal charges and is looking at decades behind bars.
The media alert confirmed that he’s been charged with bank fraud; wire fraud, making a false statement to a federally insured institution, and running an alleged ponzi scheme using PPP funds.
‘The emergency lending provisions of the Paycheck Protection Program were intended to help small businesses survive the COVID-19 pandemic,’ U.S. Attorney Byung J. ‘BJay’ Pak said in the release Wednesday.
It all started earlier this year after Fayne applied for a PPP loan allegedly using fraudulent bank records; accounts that weren’t his, and fictitious statements claiming that his trucking biz was more profitable than it actually was. Initially he had claimed that he had roughly 107 employees and received just upwards of $1,490,200.
Be First to Comment