A representative for Fayne did not immediately respond to PEOPLE's request for comment.
Fayne, 37, had obtained the loan in the name of Flame Trucking — a Georgia corporation that he is the sole owner of, according to the U.S. Department of Justice. Fayne had requested a loan in the amount of $3,725,500 and certified that the loan would be used to "retain workers and maintain payroll or make mortgage interest payments, lease payments, and utility payments, as specified under the Paycheck Protection Program Rule."According the U.S. Department of Justice, Fayne allegedly used over $1.5 million of the loan to buy $85,000 worth of jewelry, including a Rolex Presidential watch, a diamond bracelet and a 5.73 carat diamond ring.
When Fayne was interviewed by federal agents about the spending on May 6, he allegedly denied using the money for personal expenses, according the U.S. Department of Justice.
Seems like the back child support would’ve been a showstopper, but hey, what do I know?
How long before he plays
Selfish, not even necessary.
How in the hell?!? So the Lakers, Harvard, Shake Shack weren't the only ones recieving unwarranted loans
KARLIEREDD
That's good, now do trump, the GOP, lobbyist, corporations, etc...
SOB
ok, this one has been in trouble with the law previously, so shame on the bank for not doing a basic background check first
Karma
I'm sorry, but if you fraudulently get $2,000,000 and don't immediately retire on some beach in a non-extradition country then you deserve to go to jail.