Maurice Fayne, aka “Arkansas Mo", who was formerly engaged to Love and Hip Hop: ATL star Karlie Redd was arrested for Federal Bank Fraud. Wednesday morning, the Prosecutors accused Mo of stealing money from the Paycheck Protection Program (PPP) that was meant to assist his employees and his businesses, but instead he used it to buy jewelry and other personal items. U.S. Attorney Byung J. “BJay” Pak said, "Within days, Fayne allegedly used more than $1.5 million of the PPP loan proceeds to purchase $85,000 in jewelry, including a Rolex Presidential watch, a diamond bracelet, a 5.73 carat diamond ring for himself, and to pay $40,000 for child support,” prosecutors said. “Such payments are not an authorized use of PPP funds under the CARES Act.” Whew, where is Karlie Redd? Let me know what you think in the comments below.