Level 5 Motorsports.

[97gst]

Had he opened the call center on the reserve, he would have been in the clear...

Scary what can happen when wall st decides to sick the feds on you.

[petawawarace]

Had he opened the call center on the reserve, he would have been in the clear...

Scary what can happen when wall st decides to sick the feds on you.

yeah I dont think so. He's as slimy as they come. There might have been a few less charges, but he'd still be in jail.

[FPOS]

Started that episode, got as far as recognizing it is this story, saving it for some quiet time.


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[faster]

Just started the documentary, "All the hubbub some small internet loans"? Ummmm, yeah.

Just because it may be legal to be an asshole, doesn't mean you should act like you are beyond reproach when called on it.

[FPOS]

Pretty much eh?


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[runwhatyabrung]

Just watched it last night, amazing how Scott and his wife were unrepentant right to the end and kept on saying I am just a businessman. Then again, most crooks view their bad deeds as "business".

[GoP-Demon]

Dinner with racers did an episode with Scott tucker and his reasoning was that his interest rates were lower than the banks


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[petawawarace]

Dinner with racers did an episode with Scott tucker and his reasoning was that his interest rates were lower than the banks


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Sure his posted interest rate was lower, but they charged a renewal fee every 2 weeks, and a bunch of other shady tactics. The Dirty Money episode claimed the average $350 loan turned into over $900 by the time it was paid off in a month or two.

[mikeman]

Interesting watch ..

Also, googles say he was convicted in 1991 of three felony counts including mail fraud and defrauding a bank, and served a year in federal prison. But yeah, sure Scott - you didn’t do anything wrong that time either.

[BETTER motorsports]

Watched it last night, had to shower after watching it. Anytime you have a shell company, it's pretty much a dead giveaway that something sketchy is going on.

Mind you all the banks and investment/insurance companies have their own similar shady dealings going on.

[mikeman]

Yeah. Lots have been caught and convicted but the US has suspended their sentences. . Obama and trump. Wonder why. .

[CRXZC]

He was obviously doing something sketchy but it was pretty smart and worked. He was filling a need in the market and praying on a customer base that needed the product. The product was a payday loan - intended to be for one pay day 2 week term. People sign the agreements without first understanding what they’re signing up for.

[mikeman]

Right because they made it as deceptive as they could. It’s not like he was offering an honest product to fill a gap in the market, there are thousands of companies in that sector. He was taking advantage of those folks and preying on their desperation.
Bottom line: He tried to skirt the law and lost.