Government Mails out Refund Checks to Victims of Scott Tucker
The Federal Trade Commission, along with the Department of Justice, has mailed refund checks totaling $505 million to more than one million people who were victims of a “lending scheme operated by AMG Services, Inc. and Scott Tucker.”
The funds will go to “consumers who took out loans before January 2013 from the following seven loan portfolios serviced by AMG Services: 500FastCash, Advantage Cash Services, Ameriloan, OneClickCash, Star Cash Processing, UnitedCashLoans, and USFastCash.”
In a criminal conviction earlier this year, a federal judge sentenced Tucker to 200 months in federal prison. Judge Kevin Castel refused Tucker’s hollow remorse, commenting, “the notion that Mr. Tucker is an honest businessman doesn’t fly with me.”
More from NAFSA on Tucker’s conviction can be found here.