Dubbed “the godfather of payday lending” because of the news during their test, Hallinan owned, operated


Dubbed “the godfather of payday lending” because of the news during their test, Hallinan owned, operated

PHILADELPHIA A 77-year-old Main Line guy referred to as the “godfather of payday financing” was sentenced Friday to 168 months in federal jail and ordered to cover a $2.5 million fine.

Charles Hallinan, 77, associated with Villanova part of Radnor Township, had been jailed relating to a scheme to collect vast sums of bucks in illegal financial obligation acquired from high-interest loans. He additionally ended up being bought to forfeit a lot more than $64 million gained from their unlawful functions, as well as a few luxury cars along with his principal Line mansion.

The government charged in its superseding indictment: two counts of conspiracy to violate the Racketeer Influenced and Corrupt Organization Act (RICO); one count of conspiracy to commit mail fraud, wire fraud, and money laundering; two counts of mail fraud and aiding and abetting; three counts of wire fraud and aiding and abetting; and nine counts of international money laundering and aiding and abetting in November 2017, a federal jury convicted Hallinan of all 17 counts of criminal conduct. 続きを読む “Dubbed “the godfather of payday lending” because of the news during their test, Hallinan owned, operated”