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Stock impact report

Mo Fayne of 'Love & Hip Hop: Atlanta' sentenced to 17 years in prison for misuse of PPP loans [DailyFinance (AOL.com)]

United Community Banks, Inc. (UCBI) 
Last united community banks, inc. earnings: 4/21 05:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ucbi.com
Company Research Source: DailyFinance
Mo Fayne of 'Love & Hip Hop: Atlanta' sentenced to 17 years in prison for misuse of PPP loansRaechal ShewfeltSeptember 15, 2021, 4:29 PMRapper Maurice "Mo" Fayne, who appeared onThe 38-year-old Fayne, who lives in Dacula, Ga., wasarrested in May 2020TMZ reportedOfficials said Fayne had, in April 2020, applied for $3.7 million through United Community Bank for his corporation, Flame Trucking. They money was supposed to be used to pay his employees, mortgages or other costs related to his business.Instead, Fayne spent it on personal expenses: $85,000 in jewelry, $40,000 for past-due child support, $136,000 for the lease of a Rolls-Royce, $65,000 in cash, $50,000 for money he owed in another legal case and $907,000 to start a new business.Maurice "Mo" Fayne has been sentenced to 17-and-a-half years in prison. (Photo: Instagram)Fayne paid an additional $230,000 to people helping him to run a Ponzi scheme.According to the Justice DepartmentIn addition to the time in federal prison, U.S. Di Show less Read more
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