Justice News it’s being prosecuted by Assistant United States Attorneys Mark B. Dubnoff and James Petkun.

Justice News it’s being prosecuted by Assistant United States Attorneys Mark B. Dubnoff and James Petkun.

PHILADELPHIA – Charles M. Hallinan, 76, of Villanova, PA, and Wheeler K. Neff, 69, of Wilmington, DE, had been found today that is guilty a federal jury of two counts of conspiracy to break the Racketeering Influenced and Corrupt businesses Act (“RICO”) associated with “payday lending” companies, one count of conspiracy to commit mail fraudulence, wire fraudulence, and cash laundering, along with two counts of mail fraudulence and three counts of cable fraudulence announced United States Attorney Louis D. Lappen.

Hallinan has also been convicted of nine counts of worldwide cash laundering.

Hallinan and Neff took part in a conspiracy that violated the usury regulations of Pennsylvania along with other states and produced significantly more than $688 million in income, between 2008 and 2013, from thousands of clients, including residents of Pennsylvania which forbids such loans. Further, Hallinan and Neff additionally conspired to defraud nearly 1,400 individuals, that has sued certainly one of Hallinan’s pay day loan organizations, into abandoning case with damages respected because very as ten dollars million. (more…)

Continue Reading Justice News it’s being prosecuted by Assistant United States Attorneys Mark B. Dubnoff and James Petkun.