IRS gets nearly $41 million in restitution from convicted payday lender Scott Tucker

ALSO WENT AFTER UNPAID TAXES. YOU MAY REMEMBER IN 2019 PEOPLE PACKED INTO THE OLD LEAWOOD HOM OEF SCOTT TUCKER. THERE IS LIKE ALL TYPES OF DESIGNER FURNITURE. SO THE TABLE FOR EXAMPLE IS A CUSTOM ACRYLIC PERSON HAS PURCHASED ALL THE HIGH END ITEMS TUCKER HAS PURCHASED OVER THE YEARS. TUCKER THE FORMER CAR DRIVER OF PROAC RE MAY SENTENCE 16 YEARS IN JAIL FOR PERFORMING THE PAYDAY LOAN OPERATION WHICH OVERCHARGES CUSTOMERS. ONCE WITH SP U RATES AT 1,000 PERCENT IT STARTED AS A PAYDAY LOAN SCHEME OR FRAUD AND EVOLVED INTO OKAY NOW THERE IS A TAX DUE WHEN YOU RIP PEOPLE FOR DECADES IRS SPECIAL AGENT D CRIMINAL INVESTIGATION IN CHARGE. TYLER HATCHER SAYS IT WAS IMPORTANT FOR THE GOVERNMENT TO RECOVER TUCKER’S BACK TAXES. IT DOESN’T TAKE LONG BEFORE, YOU KNOW, THESE FUNDS ADD UP WHEN YOU KNOW, YOU KNOW TWO OR THREE MILLION A YEAR FOR 20 YEARS IRS ALSO HIGHLIGHTING A PREVIOUS JUDGMENT BY TUCKER’S BROTHER JOEL SAYS THE FEDERAL GOVERNMENT WANTED EIGHT MILLION DOLLARS RESTITUTION IN THIS CASE A CLOSING CHAPTER IN THE COURTS AFTER YEARS FOR THE TWO OF LIV

IRS gets nearly $41 million in restitution from convicted payday lender

Scott Tucker pleaded guilty earlier this month to filing a false or fraudulent tax return

Notorious businessman Scott Tucker agreed to pay nearly $41 million in restitution to the Internal Revenue Service earlier this month after a plea deal in his long-running legal battle. Tucker owned and operated multiple businesses involved in a $3.5 billion online payday loan program. He is currently serving a 16-year sentence for the crimes. The IRS won restitution after alleging that Tucker failed to pay taxes on millions in profits from his businesses. From at least 1997 to 2013, Tucker made small, short-term, high-interest, unsecured loans, commonly known as “payday loans,” via the Internet, according to the US Department of Justice. “It started as a payday loan program or a fraud and evolved,” said Tyler Hatcher, Special Agent in Charge of the IRS Criminal Chamber. “Now there are taxes to pay when you’ve been scamming people for decades.” In 2019, KMBC covered an estate sale at Tucker’s $2.1 million Leawood home. The estate sale included hundreds of luxury items that Tucker had purchased with profits from his businesses. Tucker’s brother, Joel, was also convicted of $7.3 million in payday loan fraud earlier this year, as well as $8 million in tax evasion. Tucker was sentenced to 12½ years in prison and was ordered to pay more than $8 million in restitution to the IRS. The court found that Tucker used bank accounts to conceal his income and assets, spending hundreds of thousands of dollars on personal living expenses. including vehicles, charter jets, travel and entertainment, and a personal home. Of both cases, Hatcher said, “we are aggressively pursuing the public interest and will take these cases to their logical conclusion.”

Famous payday loan businessman Scott Tucker agreed to pay nearly $41 million in restitution to the Internal Revenue Service earlier this month after a plea deal during his years of legal battle .

Tucker owned and operated multiple businesses involved in a $3.5 billion online payday loan program. He is currently serving a 16-year sentence for the crimes.

The IRS won restitution after alleging that Tucker failed to pay taxes on millions in profits from his businesses.

From at least 1997 to 2013, Tucker made small, short-term, high-interest, unsecured loans, commonly known as “payday loans,” via the Internet, according to the US Department of Justice.

“It started as a payday loan program or a fraud and evolved,” said Tyler Hatcher, special agent in charge of the IRS Criminal Division. “Now there are taxes due when you scam people for decades.”

In 2019, KMBC covered an estate sale at Tucker’s $2.1 million Leawood home. The estate sale included hundreds of luxury items that Tucker had purchased with profits from his businesses.

Tucker’s brother, Joel, was also convicted of $7.3 million in payday loan fraud earlier this year, as well as $8 million in tax evasion. Tucker was sentenced to 12½ years in prison and was ordered to pay more than $8 million in restitution to the IRS.

The court found that Tucker used bank accounts to conceal his income and assets, spending hundreds of thousands of dollars on personal living expenses, including vehicles, chartered jets, travel and entertainment, and a personal home.

Of both cases, Hatcher said, “we are aggressively pursuing the public interest and will take these cases to their logical conclusion.”

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