The Justice Department cracked straight straight straight down on two major lending that is payday Wednesday, including one which belonged to battle car motorist Scott Tucker.
Tucker is just a financier that is 53-year-old races Ferraris in expert tournaments. He had been arrested on Wednesday, accused of operating an unlawful $2 billion payday lending enterprise and hit with federal RICO fees.
From 1997 until 2013, Tucker operated payday financing businesses that gave 4.5 million Us citizens short-term, high-interest loans under "deceitful" circumstances, based on a federal indictment filed in new york and unsealed Wednesday.
Prosecutors state Tucker cut key handles a indigenous us tribe to make it look like the tribe owned their businesses, shielding him from state legal actions and regulators.