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"If you let it drag out for six or nine months, that’s crazy," Ms. Pyle said. "That’s how payday loans can end up costing you three or four times as much as the original loan." For Scott Tucker, payday lender, reckoning is overdue The Kansas City Star January 19, 2015
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A payday lending customer told cbs news she was interviewed for an hour by an investigator with the FTC about Ameriloan, one of the lenders affiliated with Scott Tucker and owned by the Miami Nation.
Scott Tucker (born May 5, 1962 in Kansas City, Missouri) is an American convicted racketeer, former businessman and amateur racing driver. In 2001, Tucker founded an online business, AMG Services , that made payday loans even in states where these high-interest, low-principal loans were restricted or illegal.
The day of reckoning has apparently come for former American Le Mans driver Scott Tucker. A federal judge in New York sentenced Tucker on Friday to 16 years and 8 months in prison for crimes federal prosecutors say are related to predatory payday lending, according to a report by racer.com.The 55-year-old Tucker was taken into custody immediately after Judge kevin castel delivered his ruling.
Scott Tucker, professional race car driver and payday lender, and his attorney Tim Muir were convicted in New York of 14 criminal charges associated with their illegal payday lending operation.
Scott Tucker's payday lending businesses helped finance his other job. Sr. of Kansas City was found guilty late last year in a payday lending.
· The other nay’ was Councilmember James Rodriguez, who evidently was unpersuaded by a withering column this morning (“This payday loan column is for you, Councilman Rodriguez”) by the Chronicles Lisa Falkenberg in which she checks out Rodriguez’s claim that his constituents are unconcerned about the issue by, you know, talking to his constituents.
Tim Muir tells KCBJ he wasn’t a mastermind behind Scott Tucker’s loan fraud scheme. He sees himself as a lawyer who worked within the law and was victimized by zealous prosecutors. The evidence at.
Joel Tucker faces charges that he compiled portfolios of fake payday loans and sold them to investors. The indictment comes after an earlier ruling that said the same activity meant tucker must.