Feds Arrest Heads Of Two Significant Online Payday Loan Operations

Feds Arrest Heads Of Two Significant Online Payday Loan Operations

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Feds Arrest Heads Of Two Significant On Line Payday Loan Operations

Back in June 2014, Consumerist showed visitors just what may have been the scammiest cash advance we’d ever seen. Today, federal authorities arrested the guy behind the business, AMG Services — along with his attorney and another, unrelated, payday loan provider — for allegedly operating online payday lending operations that exploited a lot more than 5 million customers.

The U.S. Attorney’s Office when it comes to Southern District of the latest York announced the arrests today of Scott Tucker, the guy behind AMG Services, and their lawyer Timothy Muir for illegal actions linked to operating a $2 billion payday enterprise that is lending “systematically evaded state laws and regulations.”

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