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A Pennsylvania businessman known as godfather of payday financing wound up being sentenced on Friday to 14 years in prison for conspiring to gather in vast sums of dollars in illegal loans that are high-interest to thousands of people.
Charles Hallinan, 77, finished up being sentenced by U.S. District Judge Eduardo Robreno in Philadelphia after having a jury that is federal November discovered him accountable on expenses racketeering that is including, mail fraudulence and cable fraudulence, prosecutors reported.
Prosecutors had desired up to 19-1/2 years in prison for Hallinan, who they claimed owned and operated more than a dozen financing that is payday and through their crimes harmed hundreds of thousands of financially-desperate individuals. (mais…)