YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
A Leawood, Kan., payday lending mogul and his attorney were arrested yesterday on charges of racketeering and violations of the Truth in Lending Act.
The criminal indictment alleges Scott Tucker evaded state laws in running a $2 billion nationwide payday lending operation that charged illegal interest of as much as 700 percent and collected hundreds of millions of dollars in undisclosed fees.
His attorney, Timothy Muir of Overland Park, Kan., is charged with making false filings related to an alleged fraudulent association with Native American tribes.
Read more from the Kansas City Business Journal.
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