payday lending scheme

  • US Payday Loan Scammer Sentenced

    A man who scammed more than 600,000 Americans out of a total of US$200 million over the last decade was sentenced last month to 10 years in prison and a $49 million fine, the FBI announced Thursday.

  • US Bancorp Fined for Allowing Money Laundering Operation

    US Bancorp agreed on Thursday to pay more than US $600 million in fines, settling allegations by federal prosecutors that they failed to prevent money laundering related to a scam operation run by race-car driver Scott Tucker, who used US Bancorp accounts to launder the proceeds of an illegal $3.5 billion Internet-based payday lending scheme

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