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

Payday lending enterprise head sentenced to 15 years


PHILADELPHIA - The head of a multimillion-dollar payday lending enterprise accused of evading state regulations by using Native American tribes and a bank as fronts has been sentenced to 14 years in prison and ordered to forfeit $64 million in assets.

Charles Hallinan, 77, of Villanova was sentenced Friday on November jury convictions including racketeering, international money laundering, and fraud, The Philadelphia Inquirer reported.

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