We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

$2B Payday-Loan Hustle Hid Behind Tribes, Gov't Says

Law360, New York (September 12, 2017, 10:54 PM EDT) -- Federal prosecutors went to trial Tuesday in Manhattan federal court against a racecar driver and a lawyer who allegedly stole $2 billion from consumers in a loan-sharking operation that the two cloaked — for a time — behind Native American tribes’ legal sovereignty.

Loan-servicing entrepreneur and racecar driver Scott Tucker and lawyer Timothy Muir allegedly conspired to swindle payday-loan borrowers by linking up Tucker’s payday-loan businesses, 500FastCash and OneClickCash, with tribes, including the Santee Sioux, the Modoc Tribe of Oklahoma and the Miami Tribe of Oklahoma, none...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.