Business

February 10, 2016 11:30 AM

KC payday lenders Scott Tucker and Richard Moseley Sr. indicted in federal crackdown

The men operated payday loan businesses that charged high interest rates and misled customers, authorities allege

Tucker allegedly exploited more than 4.5 million people and collected interest as high as 700 percent, the indictment alleges

Moseley allegedly spent millions of dollars obtained from victims on such things as vacation homes and luxury automobiles

Related content

Comments

Videos

More Videos

KC streetcar delivers redevelopment 01:06

KC streetcar delivers redevelopment

Change at the top for KC Chamber of Commerce 02:08

Change at the top for KC Chamber of Commerce

Commerce Tower undergoing renovation from office building to mixed residential, education and commercial use 03:36

Commerce Tower undergoing renovation from office building to mixed residential, education and commercial use

Kansas City streetcars open with fanfare, huge crowds 02:26

Kansas City streetcars open with fanfare, huge crowds

One Light apartments open in downtown Kansas City 02:03

One Light apartments open in downtown Kansas City

Tornado touches down on Kansas farmland 00:22

Tornado touches down on Kansas farmland

Concerns about National Alliance on Mental Illness of Greater Kansas City closing 03:05

Concerns about National Alliance on Mental Illness of Greater Kansas City closing

Why Silpada Designs is closing 01:00

Why Silpada Designs is closing

Recapping the Royals' 7-5 loss in Minnesota 01:45

Recapping the Royals' 7-5 loss in Minnesota

Share Video

Editor's Choice Videos