The orchestrator of a payday loan scheme on Wednesday failed to convince the Fourth Circuit to overturn a $43.4 million verdict against him on racketeering claims brought by a class of borrowers, who alleged he skirted usury laws by partnering with a Native American tribe.
If the district court dismissed the case for not including the tribe or its entities involved in the scheme, it would unfairly prejudice the borrowers, leaving them with no relief against Matt Martorello, “the principal participant and conspirator in the lending scheme at the heart of this case,” wrote Judge G. Steven Agee of the ...
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