Race to Jail

Scott Tucker, charged with running an illegal 2 billion dollar payday enterprise

A news report out of Kansas City reports that several pay day loan companies were shut down by the Feds. One was owned by the race car driver, Scott Tucker, and the other by business man Richard Moseley.

In the Scott Tucker case, the government reports that the company exploited 4.5 million people by overcharging them interest payments between 400% and 700% for payday loans.  

Tucker and his organization tried to hide behind Indian reservations, claiming that they were the owners of the enterprise. However, the feds did not buy it and they pierced his corporate veil.

The government wants Tucker to forfeit $2 billion, six Ferrari race cars, four Porsche automobiles and a Learjet. Tucker ran his business empire from 1997 till 2013. 

Moseley also ran a pay day loan company called Hydra that ripped off about 620,000 struggling poor people. His business generated 161 million dollars in revenue. Moseley ran his business since 2004 till late 2014.  They would also make deductions from customers personal bank accounts. See story here...http://www.kansascity.com/news/business/article59551056.html

If you carefully read this story, you see they got into trouble because people complained of being taken advantage. This is a lesson for all business people, please be reasonable and don't rip off the general public.  

Part of the story reminds me of Stanford who allegedly ran a billion dollar ponzi scheme empire and who ended up with life in jail, the other part of the story regarding native tribes, reminds me of the Jack Abramoff story, where he represented them to get casinos on their lands and he ended up sitting 43 months. To read the government news stories, go here..http://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-announces-charges-against-owner-and-attorney-2-billion-unlawful and Moseley story here....http://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-announces-criminal-charges-against-owner-161-million-fraudulent       
Like it says in Jeremiah 17:11, if you make riches unjustly, you will lose it in half your life and in the end you will be proved a fool.   

Even though they lived the high and mighty life, believe it or not, they will get used to prison. How? Because that is human nature. It is encoded in the first word of the Torah, Bereishis, which means in the beginning...If you rearrange it , it spells rosh bayis, or head of the house and if you rearrange Bereishis again, it becomes shvi to'ar, or a cursed prisoner. In this life, in one split second your life can either race to the stars or fall to the abysmal pit and we can survive.    

If you want to see what prison is all about since these two individuals may be on that road, go here...http://www.amazon.com/PRISON-expect-Federal-Bureau-Prisons-ebook/dp/B011GTWLOG