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Tucker is believed to obtain gained $380 million from his payday bank loan Firm, which exploited Native American sovereign immunity rules being a loophole through which to offer payday loans in states in which They're unlawful. Functioning underneath names which include Ameriloan, Cash Advance, A person Click on Cash, United Cash Loans and five hundred FastCash, Tucker's Group utilized about 600 individuals and made financial loans with phrases that integrated renewals and fees together with curiosity prices as high as seven-hundred% a year. Virtually all these loans ended up issued to minimal-earnings people today.[17]
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Scott Tucker (born Could 5, 1962) is really an American convicted racketeer, loan shark, website fraudster and money launderer who used his illegal funds to finance – and push for – his have athletics car or truck endurance racing team.
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