Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

U.S. Sues Ferrari-Racing Payday Mogul to Seize $48 Million

 


The U.S. is trying to seize $48 million from Ferrari-racing payday loan mogul Scott Tucker, saying he illicitly transferred the funds into bank accounts of three Native American tribes to conceal his ownership and control.

Tucker was accused in February of money-laundering and other charges for allegedly running his payday loan businesses as a racketeering scheme.

http://www.bloomberg.com/news/articles/2016-03-30/u-s-sues-ferrari-racing-payday-mogul-to-seize-48-million


 

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