Payday Lenders Hit With Racketeering Suit In Ill.

By Victoria McKenzie (December 10, 2021, 7:09 PM EST) -- A Chicago resident has filed a proposed racketeering class action against a group of online lenders that allegedly used a Wisconsin tribe as a front to avoid prosecution for a predatory high-interest loan scheme.

In a complaint filed Thursday in Illinois federal court, Tyanna Qualls took aim at a ring of LLCs — including LDF Holdings, Anong LLC and Availblue — purportedly owned by a Wisconsin tribe called the Lac du Flambeau Band of Lake Superior Chippewa Indians. According to Qualls, the LLCs are no more tribal than their non-Native, out-of-state beneficiaries: Jesse Phillips Lorenzo, Mark Koetting, and debt collector Rick...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!