• Fri. Jul 1st, 2022

Prairie Village man convicted of $ 7.3 million payday loan fraud | New

ByMary M. Ward

Jul 13, 2021


VILLAGE DES PRAIRIES, KS (KCTV) – A man was today sentenced to 12 years and 6 months in federal prison without parole for engaging in two separate fraud schemes that included payday loan debts and the tax evasion.

Joel Jerome Tucker, 52, has been sentenced to jail, ordered to pay $ 8,057,079 in restitution to the Internal Revenue Service and must forfeit $ 5,000.

According to the Justice Department, Tucker served payday loan companies through his various companies, including eData. Although her business does not provide loans directly to borrowers, she collects information on loan applications and sells them to around 70 payday lending clients. This loan application data is often referred to as leads.

He and other eData owners sold the company to the Wyandotte Indian Tribe in 2012, but Tucker kept a record of 7.8 million leads, which included detailed customer information, including payday loans. suffering.

He then used this information to create fake debt portfolios and sell fraudulent debt. He received up to $ 7.3 million from those sales in just two years, from 2014 to 2016.

Tucker also owed more than $ 8 million in tax deficits for 2007 and 2008. He and his companies also failed to file federal income tax returns for 2014-2016. According to court documents, Tucker now owes around $ 12 million in taxes, interest and penalties.

Court documents also show Tucker’s spending habits with his money, including several luxury cars, a lease for a $ 1.59 million house in Prairie Village, charter jet services and more than $ 682,000 paid. at American Express.

“Tucker defrauded hundreds of thousands of innocent victims and the US government for his own gain,” said Michael E. Hensle, acting FBI special agent. “While most people strive to make a living honestly and live the American Dream, Tucker has chosen to live a lavish lifestyle at the expense of working Americans. The FBI will continue to prosecute and bring to justice those individuals who take advantage of others for profit and believe themselves above the law. ”

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