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Supreme Court Rejects RICO Appeal by Payday Lending ‘Godfather’

June 29, 2020, 1:35 PM

The U.S. Supreme Court refused Monday to hear a challenge by the “godfather of payday lending” to his fraud and racketeering convictions for funneling high-interest loans through American Indian tribal partnerships.

The justices declined to review a ruling by the U.S. Court of Appeals for the Third Circuit, which last year upheld Charles Hallinan’s convictions under the federal wire fraud statute and a section of the Racketeer Influenced and Corrupt Organization Act that makes it a crime for anyone to collect an “unlawful debt.”

Hallinan, who pioneered the “rent-a-tribe” end run around state usury laws capping interest rates, is serving...

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