By Lindsay Frankel
Ahmad вЂњAndyвЂќ Khawaja received their wide range by giving re re payment processing services for вЂњhigh-riskвЂќ organizations.
professionals at KhawajaвЂ™s Los Angeles-based company, Allied Wallet Inc., have aided create sham internet sites and fake companies to front for the lawfully questionable tasks of the consumers, relating to interior business papers analyzed by The Associated Press. Khawaja in addition has made prominent donations that are political Democrats and Republicans, including both Hilary Clinton and Donald Trump. KhawajaвЂ™s presents included a $1 million donation to TrumpвЂ™s inaugural committee. Recipients never ever questioned just exactly how Khawaja obtained his fortune, though most of the continuing organizations Allied Wallet supported have involved with disreputable, if you don’t unlawful, techniques.
Khawaja along with his attorney would not react to concerns through the AP for over a thirty days. The organizationвЂ™s marketing director, A.J. Alameda, stated a week ago in a statement that вЂњany accusations of illicit or prohibited tasks are misleading and categorically false.вЂќ
He has supported senators on the banking committee, which is responisble for regulating his industry while itвЂ™s not clear if there is an agenda behind KhawajaвЂ™s political giving. The Trump managementвЂ™s steady deregulation of this payday financing industry can also be very theraputic for Allied Wallet clients. This past year, the Trump administration halted Obama-era system procedure Choke Point, which discouraged banking institutions from developing business relationships with payday loan providers.
Assisting Payday Loan Loan Companies
One of Allied WalletвЂ™s clients, a debt collection firm utilized aggressive methods to persuade thousands of Americans into forfeiting cash.
This included threatening consumers who never used payday loans and didnвЂ™t owe money in many cases.
The organization ended up being forced away from company in 2016 following the Federal Trade Commission charged business owners with fraudulence. Continuar lendo Political Donor Connected To Payday Loan-Related Fraud