Scott Tucker Sentenced to 16 Years for prohibited Payday Loan techniques
An bout of the Netflix series Dirty cash requires a check Scott Tucker, pay day loan business owner of 500FastCash, Ameriloan, and OneClickCash. On January 5, 2018, Tucker received a 16-year, 8-month prison phrase on federal unlawful charges for running an unlawful internet payday enterprise that is lending.
Scott Tucker of 500FastCash, Ameriloan, OneClickCash
Tucker charged their customers 400 percent to 700 percent for his loans that are payday. These prices far exceed those allowed by states that regulate payday lending. But Tucker put up their companies under an Oklahoma Indian tribe, not at the mercy of state legislation. Tucker’s usury, nevertheless, wasn’t resistant to federal regulations prohibiting practices that are deceptive. The Dirty Money profile opens with the repossession of Tucker’s prized racecar vehicles in a notably strange IRS seizure. Racecars are towed up a primrose path from Tucker’s house “museum.” Tucker made at the least $400 million from his businesses, owned multiple luxury homes and a personal jet, and financed a racing career that is successful.