A Main that is former Line banker referred to as “Godfather of payday lending” for preying on low-income borrowers had been sentenced Friday to 14 years in federal jail and stripped of over $64 million in assets, reports philly.com.
“In this industry, to construct a book that is big you must run afoul of this regulators” -Charles M. Hallinan
Solicitors for 77-year-old Charles M. Hallinan argued that the jail term may as well be described as a “death sentence” offered their age and decreasing wellness, but District Judge Eduardo Robreno provided no quarter while he rendered their verdict after having a jury convicted him of 17 counts, including racketeering, worldwide cash laundering and fraudulence. Continue reading “Charles hallinan cash advance a Main that is former Line banker referred to as “Godfather of payday lending”