Joel Tucker, a businessman from Kansas City who was ordered last week to surrender to U.S. marshals in Houston, has been given another chance to provide documents related to an investigation into the selling of possibly fraudulent payday loan debts.
Tucker has been ordered to comply with a federal bankruptcy judge’s orders by Aug. 18 or face custody. Those orders involve Tucker demonstrating the origins of payday loans debts he is thought to have sold to debt collectors through a broker.
Those debt collectors then filed those claims in personal bankruptcy cases in Houston but could not document the origins of those payday loan debts when bankruptcy trustees demanded proof of the validity of those debts.
The debt agencies have since withdrawn more than 1,000 of their claims in bankruptcy courts around the country because they now think they were sold fake paper.
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Tucker is the brother of Leawood businessman Scott Tucker, who faces a criminal trial next year in New York for allegedly running a $2 billion payday loan enterprise that federal prosecutors think exploited 4.5 million people with usurious interest rates and debt collection practices.
Joel Tucker also had been scheduled for a hearing Friday in a federal courtroom in Kansas City, Kan., where agents with the Internal Revenue Service are investigating whether he has unpaid tax liabilities going back to 2007. A magistrate judge in Kansas City, Kan., postponed that hearing Thursday after learning that Tucker was due in Houston on the same day.
A hearing in the IRS matter has been rescheduled to Aug. 17, the day before his deadline to return to Houston to show whether he has made progress in complying with orders in the Houston bankruptcy court.