‘There are millions who are victims of this predatory lending.’ Dirty Money II: Payday, Netflix 2018
‘The online part of payday lending was like a $10 billion a year business.’ ibid.
‘You’re really targeting the most vulnerable people out there.’ ibid.
In February 2016 Scott Tucker and his general counsel Tim Muir were indicted on federal criminal charges for operating an unlawful internet payday lending enterprise. ibid. caption
Payday Loan Mogul’s $1.3 billion judgment is record FTC penalty. ibid. newspaper article
$2 trillion in Fed lending, that is money coming out of thin air created out of nothing by the privately owned central bank of the United States, was loaned out without the approval of Congress … The American public is not allowed to know. The Corbett Report, #64 End the Fed, James Corbett online 2008
I know a loan shark. Always needs enforcement and recovery. Pay’s good and it’s steady work. Most of the time we’re just talking intimidation, strictly verbal. Better Call Saul s2e3: Amarillo, vet to Mike, AMC 2016
I need you to do the digging on this guy. The outfit … Then we get him to take his money back and forget he ever met us. Fargo s3e2: The Principle of Restricted Choice, Emmit to lawyer, FX 2017
Morgan put together a loan worth over $100 million – almost $3 billion today – and bailed out the Federal government. This saved the American economy from complete collapse. The Men Who Built America VI: Owning It All, History 2012
In 1979 the FBI launched a vast electronic surveillance operation of one criminal in particular: Allen Dorfman. Allen Dorfman wasn’t a Mafioso, he wasn’t even Italian, he was Jewish, and his weapon was not a gun but a pen. Dorfman’s crime was to raid a billion-dollar pension fund for his bosses. Mafia’s Greatest Hits s1e9: Allen Dorfman, AHC 2012
An ambitious Teamsters’ official, Jimmy Hoffa, wanted to become president. Red Dorfman agreed to help. ibid.
Government agencies discovered Allen Dorfman had made $3,000,000 from Teamsters’ insurance policies. ibid.
And what did the gangstas do with all these millions? They built casino hotels in the Nevada desert – Las Vegas. ibid.
Hoffa and Dorfman approved sixty loans totalling a mammoth $91 million. ibid.
A new challenge on Dave’s horizon – payday loans. These short-term high interest loans are causing massive debt problems, and more and more borrowers are calling on Dave’s bank to help. Dave Fishwick: Loan Ranger, Channel 4 2014
The number seeking help is doubling ever year. ibid.