As a result to complaints that the Tucker Payday Lenders had been expanding abusive loans in violation of the usury laws and regulations, several states filed actions to enjoin the Tucker Payday Lenders from running within their states. A legal doctrine that, among other things, generally prevents states from enforcing their laws against Native American tribes to thwart these state actions, TUCKER devised a scheme to claim that his lending businesses were protected by sovereign immunity. Starting in 2003, TUCKER joined into agreements with a few native tribes that are americanthe вЂњTribesвЂќ), like the Miami Tribe of Oklahoma. The objective of these agreements would be to result in the Tribes to claim they owned and operated areas of TUCKERвЂ™s lending that is payday, to ensure whenever states desired to enforce rules prohibiting TUCKERвЂ™s loans, TUCKERвЂ™s financing companies would claim become protected by sovereign resistance. In exchange, the Tribes received re payments from TUCKER, typically one per cent regarding the profits through the part of TUCKERвЂ™s payday lending company that the Tribes purported to possess.
So that you can produce the illusion that the Tribes owned and controlled TUCKERвЂ™s payday lending business, TUCKER and MUIR involved with a number of deceptions. Among other items:
MUIR as well as other counsel for TUCKER ready false declarations that are factual tribal representatives that have been submitted to mention courts, falsely claiming, on top of other things, that tribal corporations substantively owned, managed, and handled the portions of TUCKERвЂ™s company targeted by state enforcement actions.
TUCKER launched bank records to work and have the earnings associated with lending that is payday, that have been nominally held by tribally owned corporations, but that have been, in reality, owned and managed by TUCKER. TUCKER invested over $100 million from all of these records on luxurious individual costs, including cars, the expenses of a specialist automobile race group, an extra home in Aspen, Colorado, and precious precious precious jewelry. Read more