- Payday loan entrepreneur Joel Tucker (Kansas City, Missouri) was indicted (federal charges) for fabricating debts, attaching them to innocent people, then selling fake debts to bill collectors.
- How he got people’s info: Tucker’s former company eData Solutions took loan applications and sold them to payday lenders.
- From 2014-2016, Tucker earned $7.3 million from his scam.
- He was already sued by the FTC for making up fake debts and fined $4.2 million last September (maintains innocence).
- Some people made payments on “debts” to avoid bill collectors.
