an 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 lending enterprise.
Scott Tucker of 500FastCash, Ameriloan, OneClickCash
Tucker charged their clients 400 percent to 700 per cent for their pay day loans. These rates far surpass those allowed by states that control payday financing. But Tucker put up their businesses under an Oklahoma Indian tribe, perhaps maybe perhaps not susceptible to state law. TuckerвЂ™s usury, but, had not been resistant to federal laws and regulations prohibiting practices that are deceptive.
The Dirty Money profile opens with all the repossession of TuckerвЂ™s prized racecar cars in a significantly strange IRS seizure. Racecars leading site are towed up a primrose course from TuckerвЂ™s house вЂњmuseum.вЂќ Tucker made at the very least $400 million from their organizations, owned multiple luxury domiciles and a personal jet, and financed a effective race job.