KC Magazine offered payday-lending magnate Scott Tucker all of the good press their money could purchase

KC Magazine offered payday-lending magnate Scott Tucker all of the good press their money could purchase

In November 2012, KC Magazine called Scott Tucker “a staunch Republican voter and quite a long time governmental activist.” It absolutely was the most recent of several appearances he’d made through the years in Anthem Media Group’s neighborhood glossy, a basic of doctors’-office waiting spaces within the metro’s suburbs. The admiring mini-feature also described Tucker as a private-equity business owner.

It had been real that Tucker had completed private-equity that is many. But KC Magazine made no mention — then or ever — of the industry that made this particular staunch Republican and businessman that is local.

That might be predatory payday financing — the industry that this current year even offers made Tucker the mark of federal prosecutors.

KC Magazine‘s 2012 writeup omitted a couple of other details about Tucker november. The tale traced their profession course because of this: “After making university, Tucker embarked on a lifetime career in personal equity and quickly established himself as a fruitful businessman.” This departs away a noteworthy first effort at visit here making an instant fortune that rather drew prosecution.

After Tucker graduated from Kansas State University, within the 1980s, a federal grand jury in 1990 charged him with fraudulence in link with a bogus investment-bank operation called Chase, Morgan, Stearns and Lloyd (a business name that borrowed from different genuine investment banking institutions in procedure at that time). Tucker had been convicted and invested a 12 months in jail.

By the late 1990s, he had been operating various payday-lending enterprises — which certainly led him to success, to paraphrase KC Magazine.