Aspen homeowner, race car driver pleads not guilty in payday loan case |

Aspen homeowner, race car driver pleads not guilty in payday loan case

In this March 19, 2010 file photo, Level 5 Motorsports driver Scott Tucker waits in his Oreca FLM09 on pit row during a break in the morning practice session for the 58th annual American Le Mans Series 12 Hours of Sebring auto race in Sebring, Fla. Tucker was arrested Feb. 10 on criminal charges accusing him of living the high life on the backs of millions of desperate people who used his payday lending operation to get quick cash over the Internet. He pleaded not guilty on Tuesday.
AP | FR69810 AP

Aspen homeowner and race car driver Scott Tucker pleaded not guilty Tuesday to federal racketeering charges in connection to a predatory lending probe, according to published reports and court records.

Tucker, who lives full time in Kansas, owns an $8 million Aspen home that feds plan to seize if he’s convicted. Feds also want to take his Learjet, six Ferraris and four Porsches, which Tucker, 53, allegedly bought with money he racked up through his high-interest loans, some more than 700 percent, given to poor people.

The practice lasted from 1997 through August 2013, according to the Feb. 8 indictment.

Tucker’s attorney for the payday-loan company, Timothy Muir, also was indicted and pleaded not guilty Tuesday.

Tucker and Muir face as many as 20 years in prison if convicted of the charges, which include conspiracy to collect unlawful debts, collection of unlawful debts and false disclosures.

The next hearing in the case is set for April 22, according to court papers.

The venue for the case is the U.S. District Court in the Southern District of New York.


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