Leawood’s convicted usurer Scott Tucker is the subject of an episode of a new Netflix documentary series called “Dirty Money.”
Other episodes in the series include “The Confidence Man” on Donald Trump and “Drug Short” on Wall Street and the Pharmaceutical Industry.
Tucker infamously scammed up to 4.5 million people with predatory loans and interest rates of 600% and above.
“To cover up their criminal ploy, they tried to pretend that their business was owned and operated by Native American tribes,” said Joan Loughnane, Acting Assistant United States Attorney for the Southern District of New York.
It’s not just the prosecutors speaking. A federal jury convicted the entrepreneur and racing driver on 14 counts, including money laundering and wire fraud.
Before being sentenced, Tucker wrote a letter to the federal judge who presided over the trial asking for pardon.
“I write this letter with a great sense of remorse,” Tucker wrote. “Since my childhood, I aspired to become an American entrepreneurial success story. I wanted to build businesses, create jobs, pay taxes, live by principles that make our country the best in the world. Now I am 55 years old. But instead of thinking with pride about the work I have done, I risk a conviction for my criminal convictions.
Tucker was sentenced this month to 16 years and eight months in federal prison, where there is no parole. Tucker appeals his conviction.
The Netflix documentary series will be available on January 26.
The episode titled “Payday”, directed by Jesse Moss, deals with Tucker and the payday loan industry.
Netflix Description: “Targeting unsuspecting Americans, a group of payday lenders made millions of small loans with undisclosed fees, inflated interest rates, and unintelligible rules. But the way the laws are written, is it a crime or just a business? “
Oh, it’s a crime.
In the trailer for “Dirty Money”, Tucker is asked if he’s a corporation.
“I am a businessman,” he replies.