Professional racecar driver Scott Tucker has been charged in a payday lending operation offering quick cash over the Internet to desperate people.
Authorities said Tucker was arrested Wednesday in Kansas City, Kansas, on charges in an indictment unsealed in federal court in New York City.
The indictment says Tucker and a lawyer also arrested Wednesday exploited over 4 million people in the United States who were struggling to pay basic living expenses. It says the operation charged interest rates as high as 700 percent or more using deceptive and misleading communications and contracts.
In 2012, the Federal Trade Commission sued Tucker in Nevada over the payday lending operation. The agency has said in court papers that Tucker pocketed at least $420 million unlawfully.
Tucker’s lawyers did not immediately respond to messages seeking comment.
The Associated Press contributed to this article.
Another bum brought to justice, hope once again justice isn’t blind and he gets a nice jail sentence.
” – over 4 million people in the United States who were struggling to pay basic living expenses.” In addition to their questionable management of their finances, they took a loan at an unreasonable interest rate ?
Tucker is typical of Wall Street shysters, all of whom should be imprisoned.
The two wises men i ever met in my life. My grand father and my father both told me and my brothers #1 there is a sucker borned ever minute and two waiting to take him and # 2 if it sounds to good to be true 99.9% chance it is. Never borrow money from any lending instatution that is not connected to the f.d.i.c. and gov. Audited. If you can not go to one of these banks or credit unions then you need to seriously get your credit rating under control.
pull up your pants, put your hat on right , speak the English language , get a job and improve your life.
Life offers you opportunity. The results are up to you.
Biff Majestic says
Of the “4 million people in the United States who were struggling to pay basic living expenses”, I wonder how many had the latest iPhone or a new car?
Granted this guy is a crook, but his “business” wouldn’t survive if people had even a basic understanding of finances. Why not throw most of the blame where it belongs? ……to our sorry examples of schools who purposely lead our children into consumerism instead of fiscal responsibility, to our government leaders who sanction these types of businesses for the sake of tax and regulatory revenue, to the corporations and advertising agencies that flood our societies with useless crap and the social manipulation to purchase it, and, of course, the parents of all these people, who were simply too damned lazy to invest in educating their children and preparing them for the future.
Famous???? I have never heard of him.
better shut montel Williams the hell up , or take him away to .
Famous? Who is Scott Tucker?
why would a man of his supposed stature run a scam like that… thats like akin to being a slumlord