A one-time payday-loan mogul was indicted on federal charges that he made up millions of fake debts and sold them to bill collectors, victimizing people across the country.
Joel Tucker
Source: Johnson County Sherriff’s Office
Joel Tucker, 49, was able to pull off the scheme because he already had his victims’ personal information from loan applications, according to an indictment unsealed June 29 in Kansas City, Mo. But many of those people never took loans, let alone failed to pay them back, and Tucker didn’t own the loans anyway, prosecutors said. From 2014 to 2016, he earned $7.3 million from packaging and selling the information to ...
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