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payday loans no checks

Race automobile motorist arrested in alleged $2 billion payday financing kingdom

The Justice Department cracked 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 operating an unlawful $2 billion payday enterprise that is lending hit with federal RICO fees.

From 1997 until 2013, Tucker operated payday financing organizations that provided 4.5 million People in america short-term, high-interest loans under "deceitful" circumstances, in accordance with a federal indictment filed in new york and unsealed Wednesday.