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

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