Prairie Village resident Joel Tucker, brother of convicted payday loan racketeer Scott Tucker, pleaded guilty Thursday to fraud and tax evasion charges.
He will face a federal prison sentence and will have to pay more than $ 8 million in restitution to the Internal Revenue Service.
The announcement from U.S. District Attorney for the Western Missouri District, Timothy Garrison, said Tucker’s plea recognized that he had engaged in the marketing and sale of fake debt portfolios. As part of the program, Tucker was able to collect payments for alleged debts from people who actually owed no money.
“This well-dressed thief has victimized millions of Americans whose personal information has been fraudulently sold to debt collectors,” Garrison said in a statement. “Some of these victims, in their fear and confusion, actually paid off debts they didn’t have. And by hiding his income and property, then lying about it to federal agents, he has victimized every honest citizen who obeys the law and pays his income taxes. His theft allowed him to enjoy a luxurious lifestyle for a short time, but he will not be entitled to such luxury in a federal prison.
The charges to which Tucker pleaded guilty carry a sentence of up to 20 years in federal prison without parole. The United States Probation Office will conduct a pre-sentence investigation ahead of its sentencing hearing in the coming months.