A payday-loan mogul was indicted on federal charges that he made up millions of fake debts and sold them to bill collectors, victimizing people across the country. “Tucker defrauded third-party debt collectors and millions of individuals listed as debtors through the sale of falsified debt portfolios,” according to the indictment. “These portfolios were false in that Tucker did not have chain of title to the debt, the loans were not necessarily true debts, and the dates, amounts and lenders were inaccurate and in some case fictional.” For more information about how these schemes work and how to be wary of false debt collector harassment, false bankruptcy claims and more, please see the following
article.
