Statement Of Acting U.S. Attorney Joon H. Kim On The Convictions Of Scott Tucker And Timothy Muir For Unlawful Payday Lending Enterprise

Acting Manhattan U.S. Attorney Joon H. Kim stated:  “As a unanimous jury found today, Scott Tucker and Timothy Muir targeted and exploited millions of struggling, everyday Americans by charging them illegally high interest rates on payday loans, as much as 700 percent.  Tucker and Muir sought to get away with their crimes by claiming that this $3.5 billion business was actually owned and operated by Native American tribes.  But that was a lie.  The jury saw through Tucker and Muir’s lies and saw their business for what it was – an illegal and predatory scheme to take callous advantage of vulnerable workers living from paycheck to paycheck.”