The National Trial Lawyers | Top 100 Trial Lawyers Avvo Rating 10.0 Superb | Top Attorney Criminal Defense 10 Best 2014-2016 | 3 Years | Client Satisfaction | American Institute of Criminal Law Attorneys WHO'S WHO | Top Professional | Certified 2017 top 100 lawyer ASLA 10 best 2016 client satisfaction| American Institute of personal injury Attorneys
The Kelly Law Firm Law Offices of Kelly & Conte
Call Anytime - Day or Night
610-314-7066 610-314-7066
The National Trial Lawyers | Top 100 Trial Lawyers
Avvo Rating 10.0 Superb | Top Attorney Criminal Defense
Nation's Premier | NACDA | Top Ten Ranking 2014
10 Best 2014 | Client Satisfaction Award | American Institute of Criminal Law Attorneys

Federal racketerring charges for payday lender head

Payday loans are not known for being financially friendly to borrowers. However, for at least 1,400 borrowers from payday lenders headed by one man, the 700 percent annual interest charged on the loan led to charges of federal racketeering.

The indictment named a 75-year-old man who operated payday lenders doing business as Easy Cash, Instant Cash USA and My Payday Advance. The man posted a $500,000 bail after his arraignment in Philadelphia. He pleaded not guilty. Also named was a co-defendant.

Federal prosecutors say the man used Native American tribes as the lenders in order to deflect class action lawsuits and to claim tribal immunity from the regulations governing such businesses. According to the indictment, the lenders charged customers around $30 for each $100 that was borrowed.

Prosecutors also said that British Columbia tribal leader was paid $10,000 each month. He would pretend that he owned the companies and when hit with a class action lawsuit, he was say there were no assets. The co-defendant, according to the indictment, entered into a similar agreement with another tribal leader. The co-defendant also pleaded not guilty and posted a $250,000 bail.

According to the 75-year-old man's attorney, "There are literally dozens of federal and state court cases that support the validity of such a model, including U.S. Supreme Court cases."

Facing federal charges for any type of crime is serious. The punishments are more severe and there is no parole for those sentenced to federal prison. If you are facing federal charges, it's important to ensure your legal defense is started as soon as possible.

Source: Aurora Sentinel, "Feds: Payday lender charged 700 percent interest on loans," April 11, 2016

No Comments

Leave a comment
Comment Information

Why We Succeed


We prepare every case as if it is going to trial. Our reputation for thorough preparation puts us in a much stronger negotiating position with prosecutors and opposing counsel.

See what our clients are saying...


For more than 15 years, people throughout Chester County and the surrounding area have turned to Law Offices of Kelly & Conte for sound legal advice and aggressive representation.

Learn more about our team...


We will not accept a deal simply for the sake of closing your case. We care about your future, and we pursue every available option in an effort to secure the best possible outcome.

View our case results...

Schedule a Free Case Evaluation

Bold labels are required.

Please note that First AND/OR Last Name, and Email AND/OR Phone are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Law Offices of Kelly & Conte
213 W Miner Street #3
West Chester, PA 19382

Phone: 610-314-7066
Fax: 610-436-0628
West Chester Law Office Map

Review Us
Back to Top