Name: He Committed Fraud to Buy Jewelry and Gamble
Uploaded: 2021-12-28T17:00:21+00:00
Duration: 7 min 56 s
Description: Maurice Fayne is going to prison for 17 years for PPP loan fraud and running a Ponzi Scheme for ~7 years. He was recently convicted of borrowing over $2 million for his employees, but the Feds found o

3 years ago

Maurice Fayne is going to prison for 17 years for PPP loan fraud and running a Ponzi Scheme for ~7 years.

He was recently convicted of borrowing over $2 million for his employees, but the Feds found out that the money was being used to fund an extravagant lifestyle.

INSTAGRAM
https://www.instagram.com/spencercornelia1
EMAIL
[email protected]

TIMESTAMPS
0:00 - Intro
0:28 - $1.5 Million a Month Payroll?
1:03 - Maurice Applies for a PPP Loan
1:47 - $350k Wire
2:16 - How Maurice Spent the Money
3:45 - Fake Bank Statements
4:47 - How Much Jewelry and Cars?
6:03 - Possible Gambling Problem
7:10 - Social Media Star is Above the Law
7:47 - Final Thoughts