Dubbed “the godfather of payday lending” because of the news during their trial, Hallinan owned, operated

Dubbed “the godfather of payday lending” because of the news during their trial, Hallinan owned, operated

PHILADELPHIA a Main that is 77-year-old Line called the “godfather of payday financing” ended up being sentenced Friday to 168 months in federal jail and ordered to cover a $2.5 million fine.

Charles Hallinan, 77, associated with the Villanova portion of Radnor Township, had been jailed relating to a scheme to get billions of bucks in illegal debt obtained from high-interest loans. He additionally ended up being purchased to forfeit a lot more than $64 million gained from their unlawful acts, in addition to several luxury cars and their principal Line mansion. Read more