Feds Arrest Heads Of Two Massive Online Payday Loan Operations

Back in June 2014, Consumerist showed readers what might have been the scammiest payday loan we’d ever seen. Today, federal authorities arrested the man behind the company, AMG Services — along with his lawyer and another, unrelated, payday lender — for allegedly running online payday lending operations that exploited more than 5 million consumers.

The U.S. Attorney’s Office for the Southern District of New York announced the arrests today of Scott Tucker, the man behind AMG Services, and his lawyer Timothy Muir for illegal actions related to operating a $2 billion payday lending enterprise that “systematically evaded state laws.”

http://consumerist.com/2016/02/10/feds-arrest-heads-of-two-massive-online-payday-loan-operations/