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Georgia payday loan

Federal jury finds Main Line payday loan provider Hallinan accountable of racketeering conspiracy

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Federal jury finds Main Line payday loan provider Hallinan accountable of racketeering conspiracy

a previous Main Line investment banker referred to as “godfather of payday financing” had been discovered bad of racketeering conspiracy fees Monday by federal jurors, whoever verdict cast question regarding the legality of company tactics which have enabled the multibillion-dollar industry for years.

The panel of nine ladies and three guys took not as much as nine hours to convict Charles M. Hallinan — whom in an almost two-decade job originated techniques which have been commonly used by other payday lenders — on 17 counts that can included fraudulence and money laundering that is international. Read More