Dubbed вЂњthe godfather of payday lendingвЂќ by the news during their test, Hallinan owned, operated
PHILADELPHIA a Main that is 77-year-old Line called the вЂњgodfather of payday financingвЂќ 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