分类目录归档:Payday Loans Advance America

Financial Fraud. ‘Godfather of Payday Lending’ Victimized Borrowers Nationwide

A 77-year-old landfill that is former and investment banker from Pennsylvania whom developed a surefire option to make money—by illegally charging you high rates of interest on loans built to people who could minimum manage them—will probably spend the remaining of their life in jail.

Charles Hallinan, dubbed by prosecutors while the “godfather of payday lending” because their techniques to circumvent state legislation and conceal their long-running scheme paved the way in which for other people to adhere to in the footsteps, recently received a 14-year prison that is federal for their part in gathering vast sums of dollars in short-term loans with interest levels that approached 800 %. 继续阅读