Dubbed “the godfather of payday lending” by the news during their test, Hallinan owned, operated

Dubbed “the godfather of payday lending” by the news during their test, Hallinan owned, operated

PHILADELPHIA a Main that is 77-year-old Line called the “godfather of payday financing” ended up being sentenced Friday to 168 months in federal jail and ordered to cover a $2.5 million fine.

Charles Hallinan, 77, associated with the Villanova area of Radnor Township, ended up being jailed relating to a scheme to get vast sums of dollars in illegal financial obligation acquired from high-interest loans. He additionally had been bought to forfeit significantly more than $64 million gained from their unlawful functions, along with a few luxury cars and their principal Line mansion.

In November 2017, a federal jury convicted Hallinan of all of the 17 counts of criminal conduct the federal government charged in its superseding indictment: two counts of conspiracy to break the Racketeer Influenced and Corrupt Organization Act (RICO); one count of conspiracy to commit mail fraud, cable fraudulence, and cash laundering; two counts of mail fraudulence and aiding and abetting; three counts of cable fraudulence and aiding and abetting; and nine counts of international cash laundering and aiding and abetting. Devamını oku