Tucker Pleads Not Guilty in Payday Lending Charges

Photo: John Dagys

Photo: John Dagys

Scott Tucker has pleaded not guilty in New York this week to charges for his alleged role in a payday lending scheme.

The Level 5 Motorsports owner/driver, who was arrested by the FBI earlier this month on charges that included collecting unlawful debts in violation of federal racketeering laws, was set free on $2 million bail.

Tucker’s lawyer, Timothy Muir, who was also arrested on the same charges, also pleaded not guilty in Manhattan federal court on Tuesday.

According to Reuters, Tucker’s lawyer leading this case declined comment after the hearing.

The four-time American Le Mans Series champion has been under investigation for allegedly engaging in a massive scheme to deceive payday lending customers.

The Federal Trade Commission had reportedly sought $1.32 billion from Tucker and the estate of his deceased brother Blaine, dating back to 2012.

A hearing to set a trial date is scheduled for April 22.

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