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Judge says race car driver Scott Tucker owes $1.27 billion to the Federal Trade Commission for payday lending scheme

A federal judge in Nevada said professional racecar driver Scott Tucker and several of his companies owe $1.27 billion to the Federal Trade Commission after systematically deceiving payday lending customers about the cost of their loans. In a decision late on Friday, Chief Judge Gloria Navarro of the federal court in Las Vegas, Nevada said Tucker was "specifically aware" that customers often did not understand the terms of their loans, and was at least "recklessly indifferent" toward how those loans were marketed.
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Former sports car owner/driver charged in payday lending scheme

Motorsport / NASCAR : From the Marbles

Scott Tucker, who won a class title in the 2014 Rolex 24 as an owner and driver, faces federal indictments in a payday lending scheme. Outside of the debatable ethics involved in payday lending, Tucker's business practices have been...

Illegal 700% Interest Payday Loans Paid For Scott Tucker To Go Racing: Indictment

Vehicles / Cars : Jalopnik

Scott Tucker went from rookie to champion racer with funds from a wildly lucrative group of payday lending business. But after years of lawsuits and trouble with the Federal Trade Commission, Tucker was arrested today, and a crimina...

Indicted Payday Loan Racer, Others Owe Nearly $1.3 Billion For Lending Scheme 

Vehicles / Cars : Jalopnik

A federal judge ruled on Friday that former American Le Mans Series champion Scott Tucker, whose indictment said he extended payday loans at interest rates as high as 700 percent, and others involved in the scheme owe the Federal Tr...

Pro racecar driver Scott Tucker, others ordered to pay $1.2B

Politics / US Politics : Washington Watch

A federal judge has ruled that professional racecar driver Scott Tucker and others deceived payday loan consumers and owe the Federal Trade Commission about $1.2 billion. The Kansas City Star … Click to Continue »

U.S. judge says racecar driver, others owe $1.27 bln in payday case

Sports / Motorsport : Reuters: Motor Sports

Oct 3 (Reuters) - A federal judge in Nevada said professional racecar driver Scott Tucker and several of his companies owe $1.27 billion to the Federal Trade Commission after systematically deceiving payday lending customers about t...

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