Fayne appeared on several episodes last season as the love interest of Karlie Redd, one of “Love & Hip Hop’s” longtime cast members.
In a May 6 interview with federal agents, Fayne reportedly admitted submitting a PPP loan application and using the money for his trucking company, but denied using the funds to buy things for himself.
On Monday, authorities searched his Dacula home and seized about $80,000 in cash, including $9,400 that Fayne had in his pockets at the time, authorities said. Agents also executed warrants for three of Fayne’s bank accounts, seizing more than $500,000.
“The defendant allegedly took advantage of the emergency lending provisions of the Paycheck Protection Program that were intended to assist employees and small businesses battered by the coronavirus,” U.S. Attorney BJay Pak said in a statement. “We will investigate and charge anyone who inappropriately diverts these critical funds for their own personal gain.”
In other news:
For the first time, we are hearing from the owner of the Georgia home under construction tied to the Ahmaud Arbery shooting investigation.