Villanova Guy Stole Millions Through Cash Advance Scheme: Feds

He and another guy got significantly more than $688 million by levying interest that is illegal on short-term loans between 2008 and 2013, prosecutors stated.

VILLANOVA, PA – A Villanova guy had been discovered accountable on a few costs pertaining to a “payday loan” scheme where he and a co-conspirator levied unlawfully-high interest levels to borrowers, leading to the set accruing millions illegally.

Charles M. Hallinan, 76, of Villanova, and Wheeler K. Neff, 69, of Wilmington, Delaware, had been discovered accountable of numerous racketeering and fraud crimes, based on united states of america Attorney Louis D. Lappen.

Both Hallinan and Neff face a feasible ten years in jail, forfeiture of assets acquired through their crimes, 36 months of supervised launch, a potential fine, and a particular evaluation, federal officials stated.

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