Pro Racer, Atty Deny Fresh Charges Alleging $2B Loan Scam

Law360, New York (December 1, 2016, 6:51 PM EST) -- Race car driver and businessman Scott Tucker and lawyer Timothy Muir on Thursday denied new wire fraud and money laundering charges stemming from an alleged $2 billion illegal payday lending operation that prosecutors say charged rates as high as 700 percent and co-opted three Native American tribes.

U.S. District Judge P. Kevin Castel took the pleas of not guilty and appeared set on a scheduled April 17 trial despite the assertion by Tucker counsel James M. Roth of Stampur & Roth that more time might be...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.