Mo Fayne Net Worth (2023): How Rich Is The Rapper Actually?
Rapper and trucking mogul Mo Fayne boast a staggering net worth of $1.5 to $2 million. He has accumulated this wealth through his successful career in the entertainment industry and business ventures.
|Full name||Maurice Fayne|
|Net worth||$1.5- $2 million|
|Birth date||3rd March 1983|
|Birthplace||Little Rock, Arkansas|
|Occupation||TV Personality, Rapper and Businessman|
|Spouse||Karlie Redd (Divorced)|
Table of Contents
- Who Is Mo Fayne?
- Mo Fayne Net Worth: Career and Source of Income
- Why Maurice Fayne has been Sentenced to Prison?
- Key Facts
- Early Life and Bio
- Wife and Personal Life
- Award and Achievement
- Social Profiles: Instagram, Facebook, Twitter, and others
Who Is Mo Fayne?
Mo Fayne is a reality TV personality who appeared on the third season of the show “Love & Hip Hop: Atlanta”. He was also involved in a high-profile legal case in 2020, where he was sentenced to 17.5 years in prison for charges related to fraud and misuse of funds from a federal COVID-19 relief program.
Mo Fayne Net Worth: Career and Source of Income
When it comes to Mo Fayne’s career, the man is a hustler. After a lot of hard work, he started his own truck company called ‘Flame Trucking’. He’s got a lot of employees working for him and it’s done pretty well.
But it was his presence on season 8 of the reality show “Love & Hip Hop: Atlanta” that truly propelled him into the public eye. His difficulties with his former girlfriend Karlie Redd were the main subject of the program.
All in all, he isn’t just a successful businessman but also a reality TV star.
Why Maurice Fayne has been Sentenced to Prison?
In connection with his participation in a Ponzi scheme and for stealing millions meant for company owners during the epidemic, Maurice Fayne was given a term of more than 17 years in federal jail.
He applied for a Paycheck Protection Program (PPP) loan of $3.7 million in April 2020, stating that his company had 107 employees along with a monthly payroll of $1,490,200. Instead of using the cash to boost his firm, he reportedly spent over $1.5 million on himself, including a diamond bracelet, a 5.73-carat diamond ring, and a Rolex Presidential watch.
To make matters even worse, he was also accused of using federal funds to pay $40,000 in child support. It’s truly disheartening to see someone take advantage of desperate times for their own personal gain.
- Mo Fayne is a man of mixed heritage, with African roots and Christian faith.
- He has attended the prestigious Harlem School of the Arts.
- The engagement ring he gave to his then-fiance was made of an 18-carat diamond, worth a whopping 150 thousand dollars.
- He was found to have spent $5 million of Ponzi scheme money in a casino in Oklahoma.
Early Life and Bio
Fayne, the businessman extraordinaire and reality TV star, was born in the year 1983 in Little Rock, Arkansas. He was a man with a plan and after completing his education, he packed his bags and headed to Dacula, Georgia where he set up his own business.
Fast forward to 2023, he’s now 40 years. But wait, there’s more! You might have heard about his fairytale romance on the hit reality show “Love & Hip Hop: Atlanta” with the one and only Karlie Redd. A love story worth watching!
Wife and Personal Life
Not much is known about Fayne’s personal life, he’s not one to spill the beans about his family. But we do know he’s a dad to a daughter, some things are better left private, you know?
All right, so Fayne had a little love story with Karlie Redd. They got engaged and got hitched, but things didn’t work out and they ended up getting a divorce.
Interestingly, they kept it cool and didn’t fight over money or anything, they even agreed not to get any alimony. However, Fayne gave his BMW to Karlie.
Award and Achievement
Unfortunately, we couldn’t find any information on awards or achievements for Mo Fayne. But it doesn’t probably mean that he hasn’t accomplished anything significant in his career and personal life, as it’s possible that such information is not available or not made public.
Social Profiles: Instagram, Facebook, Twitter, and others
Mo Fayne seems to be active on social media, specifically on Instagram where he goes by the handle @arkansas_mo.
However, we couldn’t find any information on his presence on other social platforms such as Twitter or Facebook.
Is Maurice Mo Fayne Out of Jail?
He was given a jail term but was later freed after paying a $10,000 bail; he was last spotted making a call while standing in front of his Georgia house.
Did Karlie Redd and Mo get married?
Mo Fayne and Karlie Redd did get married, but for unclear reasons, the ceremony remained private.
Why did Karlie Redd divorce, Mo Fayne?
Karlie filed for divorce after it was revealed that Mo used a coronavirus loan on jewelry, a car, and payments for child support.
What’s the estimated net worth of Karlie Redd?
Karlie Redd is a well-known American rapper, reality star, model, and dancer, with an estimated net worth of $1.2 million.