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Man In Tribal-Linked Payday Lending Scheme Gets 3 Years

Law360 (August 9, 2018, 9:10 PM EDT) -- A Pennsylvania man was sentenced to more than three years in prison and ordered to pay about $10 million after providing payday loans at illegally high interest rates and using an Indian tribe to get around the law, prosecutors said.

Adrian Rubin, 61, was sentenced to 37 months Tuesday after previously entering a guilty plea on Racketeer Influenced and Corrupt Organizations Act, conspiracy and a pair of mail fraud charges, according to the U.S. Department of Justice. His payday loans had interest rates “exceeding 780 percent,"...
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