Race car driver and payday loan mogul Scott Tucker was convicted of racketeering charges stemming from a federal crackdown on lenders who prey on poor people by charging interest rates that sometimes exceeded 700 percent.
Timothy Muir, a lawyer who worked for Tucker, was also found guilty Oct. 13 by a jury in New York federal court (United States v. Tucker, S.D.N.Y., 16-cr-00091, verdict 10/13/17). The charges included the collection of unlawful debts, using misleading contracts and falsely stating that the businesses were owned and operated by Native American tribes.
“Tucker and Muir sought to get away with ...
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