Professional racecar driver Scott Tucker ended up being sentenced to over 16 years in jail Friday after their conviction for operating a pay day loan company that prosecutors say cheated an incredible number of economically struggling People in the us.
U.S. District Judge P. Kevin Castel stated it absolutely was вЂњstaggeringвЂќ how people nationwide were afflicted with TuckerвЂ™s company.
Over a period that is 15-year significantly more than 1 per cent regarding the U.S. populace became victims of this business, Castel stated while he sentenced Tucker to 16 years and eight months in jail.
The judge stated the continuing company had been вЂњa fraudulence from the beginningвЂќ and a scam вЂњto extract cash from individuals in hopeless circumstances.вЂќ He included it вЂњcreated heartbreak and sorrow вЂ¦ not only a monetary loss.вЂќ
The 55-year-old Tucker of Leawood, Kansas, defended his business practices and implied he was misunderstood in a letter to the court.
Castel ordered him to straight away begin serving the sentence and then he ended up being led from court in handcuffs, but just after he eliminated their suspenders.
Timothy Muir, 46, legal counsel from Overland, Kansas, had been sentenced to seven years in jail for their conviction during the October that is same trial Tucker.
Acting Deputy U.S. Attorney Joan Loughnane stated in a launch that the company the men went from at the least 1997 through 2013 is currently closed.
вЂњFor more than 15 years, Scott Tucker and Timothy Muir made vast amounts of dollars exploiting struggling, everyday People in the us through pay day loans interest that is carrying up to 1,000 percent,вЂќ she said. вЂњAnd to full cover up their scheme that is criminal attempted to claim their company had been owned and operated by Native American tribes.вЂќ
Prosecutors stated TuckerвЂ™s lending enterprise, situated in Overland Park, Kansas, used over 1,500 individuals because it did company as Ameriloan, cash loan, OneClickCash, Preferred Cash Loans, United Cash Loans, US FastCash, 500 FastCash, Advantage money Services and Star money Processing. Read more