Payday lending pioneer convicted in U.S. of racketeering scheme

Payday <a href="https://approved-cash.com/installment-loans/">https://approved-cash.com/installment-loans/</a> lending pioneer convicted in U.S. of racketeering scheme

(Reuters) – A Pennsylvania guy considered a pioneer within the payday financing industry had been discovered responsible on Monday of doing a racketeering scheme that assisted investment companies that created $688 million from short-term loans to thousands and thousands of individuals.

Charles Hallinan, whom prosecutors said owned and operated significantly more than a dozen payday financing companies, had been discovered responsible by way of a federal jury in Philadelphia on all counts he encountered. Continuar lendo Payday lending pioneer convicted in U.S. of racketeering scheme