A Jenkintown payday loan provider whom turned preying upon the economically susceptible into a family group company before assisting federal prosecutors place two titans regarding the industry behind bars ended up being sentenced to 37 months in jail Tuesday and ordered to pay for a lot more than $20 million in economic penalties.
Adrian Rubin, 61, admitted in court that their abrupt choice to make federal government cooperator in 2012 arrived just after detectives accused his sons and confronted him about his or her own long reputation for illegally profiting from the financial desperation of other people.
- Another setback for Main LineвЂ™s вЂgodfather of payday lending on brink of prisonвЂ™
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Nevertheless, prosecutors credited him with genuine tries to make amends by recording other people for the FBI and soon after testifying against two of this country’s top payday lenders вЂ” Charles M. Hallinan, of Villanova, and race-car that is professional Scott Tucker, of Missouri, both of who are actually serving jail terms. Read more