Charles M. Hallinan presumably issued illegal short-term loans asking rates of interest a lot more than 700 %
A Villanova man who presumably produced $688 million from a lending that is payday indicted Thursday.
Charles M. Hallinan, 75, faces fees of two counts of conspiracy to break federal racketeering guidelines and nine counts of worldwide cash laundering. Wheeler K. Neff, 67, of Wilmington, Delaware, was indicted from the charges that are same their role into the so-called .
The 2 are accused of creating significantly more than $688 million in income from thousands and thousands of clients between 2008 and 2013 by issuing criminally usurious loans, in accordance with the U.S. Attorney’s workplace in Philadelphia. (more…)