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Category: payday loans and cash advances

Scott Tucker Sentenced to 16 Years for prohibited cash advance strategies

Scott Tucker Sentenced to 16 Years for prohibited cash advance strategies

a episode of the Netflix show Dirty money takes a look into Scott Tucker, advance loan company owner of 500FastCash, Ameriloan, and OneClickCash. On January 5, 2018, Tucker received a 16-year, 8-month prison expression on federal illegal costs for operating an unlawful internet payday enterprise this is certainly lending.

Scott Tucker of 500FastCash, Ameriloan, OneClickCash

Tucker charged their consumers 400 percent to 700 percent because of their loans being payday. These prices far surpass those permitted by states that control payday financing. But Tucker setup their organizations under an Oklahoma Indian tribe, possibly possibly perhaps not subject to state legislation. Read more