As payday-lending kingpin Scott Tucker prepares for a criminal trial, the question remains: Where did the money go?


On April 12, Bloomberg published a report that described how Philadelphia payday-lending pioneer Charles Hallinan had become an investor in financial-technology companies.

The report surfaced weeks after Hallinan was brought up on federal racketeering charges in connection to his predatory-lending empire. Hallinan, Bloomberg reported, was an investor in Everest Business Funding, a new generation of lender that extends credit to consumers who can’t get loans from banks.


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