Elderly Payday-Loan Scammer Convicted of $220M Fraud

Elderly Payday-Loan Scammer Convicted of $220M Fraud

MANHATTAN (CN) – a citizen that is senior stretched payday advances at exorbitant 700 interest levels faces jail time after having a jury found him accountable of a $220 million fraudulence.

The verdict delivered Wednesday night against Richard Moseley Sr. Came following the stood that is 73-year-old for just two 1/2 days in Manhattan on costs of cable fraudulence, aggravated identification theft, and violations of federal anti-racketeering law therefore the Truth in Lending Act. Continue reading Elderly Payday-Loan Scammer Convicted of $220M Fraud