Scott Tucker’s pre-sentencing “apology” will not likely be remembered as one of history’s greatest all-time allocutions of contrition. The Kansas businessman – facing a 2017 conviction for violating federal truth in lending and racketeering laws in connection with his online lending business – attempted to...
The payday lending and debt collection industry is controversial, to say the least, and it is getting a day in court. As The Wall Street Journal reports, a racketeering trial that is currently taking place in New York may bring greater scrutiny to bear on...
Embattled bank Wells Fargo has entered a settlement through which the firm will pay as much as $50 million tied to a racketeering lawsuit that it allegedly overcharged hundreds of thousands of homeowners for appraisals of their homes. Reuters said the settlement would still require...
January 16, 2018
Scott Tucker’s pre-sentencing “apology” will not likely be remembered as one of history’s greatest all-time allocutions of contrition. The Kansas businessman – facing a 2017 conviction for violating federal truth in lending and racketeering laws in connection with his online lending business – attempted to apologize for the $3.5 billion he reportedly made while running that […]
February 14, 2020
Chinese telecom firm Huawei was charged with racketeering and conspiracy to steal trade secrets on Thursday (Feb. 13), along with two of its U.S. subsidiaries, according to The Wall Street Journal. The charges are yet another escalation to the pressure from the Trump administration on the Chinese giant over national security concerns. Trump officials have […]
November 01, 2016
Embattled bank Wells Fargo has entered a settlement through which the firm will pay as much as $50 million tied to a racketeering lawsuit that it allegedly overcharged hundreds of...
