Pennsylvania Man Charged With Racketeering For $688M Payday Loan Operation

A Pennsylvania man, known for helping to usher in the payday loan movement, has been charged with racketeering for his alleged part in a scheme that bilked more than $688 million from consumers and defrauded 1,400 others from a million-dollar settlement. 

The U.S. Attorney’s Office for the Eastern District of Pennsylvania on Thursday announced that Charles Hallinan had been charged with two counts of conspiracy to violate the Racketeering Influenced and Corrupt Organizations Act (RICO)...

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