Chapter
The Rise and Fall of Payday Loan Entrepreneur Scott Tucker
27:58 - 32:11 (04:12)
Scott Tucker founded various payday loan companies, including Cash Advance, Preferred Cash Loans, and United Cash Loans, operating under lending laws of one state while offering loans in different states. His business was eventually shut down by the US government, and Tucker was sentenced to 16 years in prison for running a fraudulent enterprise.
Clips
This podcast discusses how professional con artist Scott Tucker created a fake loan business to steal money, and how he and his partner were able to use shady, quasi-legal companies to operate under lending laws of one state while offering loans in other states.
27:58 - 30:23 (02:25)
Summary
This podcast discusses how professional con artist Scott Tucker created a fake loan business to steal money, and how he and his partner were able to use shady, quasi-legal companies to operate under lending laws of one state while offering loans in other states.
ChapterThe Rise and Fall of Payday Loan Entrepreneur Scott Tucker
EpisodeThe Payday Loan Industry Is Bastards All The Way Down
PodcastBehind the Bastards
Scott Tucker built a network of dummy corporations to receive money from the network of payday lending businesses he established.
30:23 - 32:11 (01:47)
Summary
Scott Tucker built a network of dummy corporations to receive money from the network of payday lending businesses he established. Within a few weeks, Tucker started managing a complicated series of lending companies such as Cash Advance, United Cash Loans and Preferred Cash Loans.