Scott Tucker |
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| Wikipedia: Scott Tucker (businessman) |
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Biography
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Biography
The following section is an excerpt from Wikipedia's Scott Tucker (businessman) page on 13 March 2021, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.
Scott Tucker (born May 5, 1962 in Kansas City, Missouri) is an American convicted racketeer, loan shark, former businessman and amateur racing driver.
In 2001, Tucker founded an online business, AMG Services, that made payday loans even in states where these high-interest, low-principal loans were restricted or illegal. The business, which generated over $3.5 billion in revenue from just 2008 to June 2013, ultimately made loans to at least 4.5 million Americans. When state regulators tried to shut down his operations, Tucker made deals with Native American tribes to claim ownership of his business and invoke sovereign immunity from state courts. In February 2016, Tucker was arrested and indicted on federal criminal charges filed in the United States District Court for the Southern District of New York in relation to his ownership and controlling role in various payday lending operations that were found to have charged illegal interest rates in violation of RICO and TILA statutes. Tucker was convicted of making illegal payday loans and of racketeering in October 2017; he is currently serving a sentence of 16 years and 8 months in federal prison.
Tucker began his racing career in 2006, most notably competing in the American Le Mans Series and United SportsCar Championship for his Level 5 Motorsports.
The story of Tucker's fall from grace is chronicled in the second episode of the first season of the Netflix series Dirty Money titled "Payday".
| Date | Document Name & Details | Documents |
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| 9 February 2016 file creation date | United States of America v. Scott Tucker and Timothy Muir Sealed Indictment United States District Court, Southern District of New York |  PDF - 13.8MB - 34 pages |
| 13 April 2018 publication date | Non-Prosectution Agreement with Santee Financial Services To: James Nesland, Esq. From: United States Attorney, Southern District of New York | PDF - 256KB - 5 pages |
| 25 April 2018 publication date | Non-Prosectution Agreement with Red Cedar Services To: James Nesland, Esq. From: United States Attorney, Southern District of New York | PDF - 252KB - 5 pages |
| 26 June 2018 publication date | United States of America v. $1,000,000 in United States Currency Verified Complaint for Forfeiture United States District Court, Southern District of New York | PDF - 3.6MB - 12 pages |
| 26 June 2018 publication date | United States of America v. $2,000,000 in United States Currency Verified Complaint for Forfeiture United States District Court, Southern District of New York | PDF - 2.9MB - 11 pages |
