The FTC released exhibits of bank records that show that Tucker and his brother control the bank accounts of the lending business. From September 2008 to March 2011, AMG Services had deposits and withdrawals of more than 165 million. Money from the business was used to pay for Tuckers 8 reputable cash advance online vacation home in Aspen, Colo.flights on a private jet to races, and even plastic surgery, according to court documents.
The FTC says Tuckers racing team has received 40 million in sponsorship fees from the payday-lending business. Besides Reputable cash advance online, the FTC is also suing business leaders from the Miami and Modoc tribes of Oklahoma and the Santee Sioux tribe of Nebraska who claim to own and manage the business as well as the tribal companies involved. Among the other companies named in the lawsuit is Tuckers racing team, Level 5 Motorsports, and even a limited partnership Tucker used to buy his home in Aspen.
Neither Tucker nor attorneys from the tribes responded to a request for comment. The FTC accuses the company of deceiving borrowers about how much theyd have to pay back.
On a typical 300 loan, borrowers were told theyd have to pay only 90 in interest.
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