Category Archives: payday advance loans

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The Justice Department cracked straight straight straight straight down on two major payday lending empires Wednesday, including the one that belonged to competition vehicle motorist Scott Tucker.

Tucker is really a 53-year-old financier whom races Ferraris in expert tournaments. He had been arrested on Wednesday, accused of running an unlawful $2 billion payday enterprise that is lending hit with federal RICO fees.

From 1997 until 2013, Tucker operated payday financing businesses that offered 4.5 million Us citizens short-term, high-interest loans under “deceitful” circumstances, in accordance with a federal indictment filed in nyc and unsealed Wednesday. Continue reading