Prosecutors have said he made billions of dollars by exploiting financially struggling Americans, charging illegal interest rates that sometimes exceeded 1,000 percent.
NBC-
A U.S. appeals court on Monday upheld a nearly $1.3 billion award against a pro racecar driver who was sent to prison following a conviction for cheating consumers through his payday loan businesses.
Information Scott Tucker’s companies provided consumers did not accurately disclose the loans’ terms, a unanimous three-judge panel of the 9th U.S. Circuit Court of Appeals ruled.
The judges also said a lower court did not abuse its authority when it ordered Tucker and other defendants to pay back nearly $1.3 billion.
[NBC]
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