Scott Tucker’s pre-sentencing “apology” will not likely be remembered as one of history’s greatest all-time allocutions of contrition. The Kansas businessman – facing a 2017 conviction for violating federal truth in lending and racketeering laws in connection with his online lending business – attempted to...
Kansas City businessman Scott Tucker was found guilty on racketeering charges for interest rates of as much as 700 percent on short-term loans. According to a report in The Wall Street Journal citing a Manhattan court ruling, a federal jury found Tucker guilty in a...
Professional racecar driver Scott Tucker and companies he owns reportedly owe the Federal Trade Commission $1.27 billion over deceptive payday lending practices. According to a report, a federal judge in Nevada ruled Tucker and his companies deceived payday lending borrowers about the costs associated with their...
In what has been held up as one of the biggest criminal cases to be brought against a payday lender, The Wall Street Journal reported Wednesday (Feb. 10) that federal prosecutors have brought charges against two men, a “businessman-turned-race-car-driver” and his attorney, alleging that they overcharged...
January 16, 2018
Scott Tucker’s pre-sentencing “apology” will not likely be remembered as one of history’s greatest all-time allocutions of contrition. The Kansas businessman – facing a 2017 conviction for violating federal truth in lending and racketeering laws in connection with his online lending business – attempted to apologize for the $3.5 billion he reportedly made while running that […]
July 03, 2018
After allegedly creating millions of fake debts and selling them to bill collectors, payday loan magnate Joel Tucker was indicted on federal charges. Tucker reportedly raked in $7.3 million from the purported scheme, Bloomberg reported. “Tucker defrauded third-party debt collectors and millions of individuals listed as debtors through the sale of falsified debt portfolios,” the […]
October 16, 2017
Kansas City businessman Scott Tucker was found guilty on racketeering charges for interest rates of as much as 700 percent on short-term loans. According to a report in The Wall...
October 05, 2016
Professional racecar driver Scott Tucker and companies he owns reportedly owe the Federal Trade Commission $1.27 billion over deceptive payday lending practices. According to a report, a federal judge in Nevada...
February 11, 2016
In what has been held up as one of the biggest criminal cases to be brought against a payday lender, The Wall Street Journal reported Wednesday (Feb. 10) that federal prosecutors...
