Professional racecar driver Scott Tucker ended up being sentenced to over 16 years in prison Friday after their conviction for running a payday 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 had been вЂњstaggeringвЂќ how lots of people nationwide were suffering from TuckerвЂ™s company.
More than a 15-year period, significantly more than one percent regarding the U.S. populace became victims associated with company, Castel said as he sentenced Tucker to 16 years and eight months in prison.
The judge stated the 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
In a page into the court, the 55-year-old Tucker of Leawood, Kansas, defended their company methods and implied he had been misinterpreted.
Castel ordered him to immediately start serving the phrase in which he had been 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 same October test as Tucker.
Acting Deputy U.S. Attorney Joan Loughnane said in a launch that the continuing company the guys ran from at the very least 1997 through 2013 happens to be closed.
вЂњFor more than 15 years, Scott Tucker and Timothy Muir made vast amounts of dollars exploiting struggling, everyday People in the us through payday advances interest that is carrying up to 1,000 percent,вЂќ she said. вЂњAnd to cover up their unlawful scheme, they attempted to claim their company had been owned and operated by Native American tribes.вЂќ
Prosecutors stated TuckerвЂ™s lending enterprise, located in Overland Park, Kansas, used over 1,500 individuals US FastCash, 500 FastCash, Advantage Cash Services and Star Cash Processing as it did business as Ameriloan, Cash Advance, OneClickCash, Preferred Cash Loans, United Cash Loans. Continue reading “Professional racecar motorist Scott Tucker gets over 16 years in prison”