Scott Tucker Sentenced to 16 Years for Illegal Payday Loan Practices

Scott Tucker Sentenced to 16 Years for Illegal Payday Loan Practices

An bout of the Netflix series Dirty cash takes a look at Scott Tucker, payday loan business owner of 500FastCash, Ameriloan, and OneClickCash. On January 5, 2018, Tucker received a 16-year, 8-month prison sentence on federal criminal prices for operating an illegal internet payday lending enterprise.

Scott Tucker of 500FastCash, Ameriloan, OneClickCash

Tucker charged their customers 400 percent to 700 per cent for their loans that are payday. These prices far surpass those allowed by states that regulate payday lending. But Tucker arranged his organizations under an Oklahoma Indian tribe, perhaps not subject to state legislation. Tucker’s usury, however, was not resistant to federal laws prohibiting deceptive methods. The Dirty Money profile opens with the repossession of Tucker’s prized racecar cars in a significantly bizarre IRS seizure. Racecars are towed up a primrose course from Tucker’s house “museum.” Tucker made at least $400 million from his companies, owned multiple luxury domiciles and a private jet, and financed a racing career that is successful. “Scott Tucker Sentenced to 16 Years for Illegal Payday Loan Practices” の続きを読む