a bout of the Netflix show Dirty cash takes a glance at Scott Tucker, cash advance business owner of 500FastCash, Ameriloan, and OneClickCash. On January 5, 2018, Tucker received a 16-year, 8-month jail phrase on federal unlawful costs for running an illegal internet payday enterprise that is lending.
Scott Tucker of 500FastCash, Ameriloan, OneClickCash
Tucker charged their customers 400 percent to 700 % for their pay day loans. These prices far exceed those allowed by states that regulate payday financing. But Tucker setup their organizations under an Oklahoma Indian tribe, maybe perhaps not susceptible to state legislation. TuckerвЂ™s usury, nevertheless, had not been resistant to federal guidelines prohibiting misleading methods.
The Dirty Money profile opens utilizing the repossession of TuckerвЂ™s prized racecar cars in a significantly strange IRS seizure. Racecars are towed up a path that is primrose TuckerвЂ™s house вЂњmuseum.вЂќ Tucker made at the very least $400 million from their organizations, owned multiple luxury domiciles and an exclusive jet, and financed a racing career that is successful. Their wife laments maybe perhaps not to be able to purchase a motor vehicle, if she want, following the IRS seizes several of their assets. (more…)