Scott Tucker, who had ran Level 5 Motorsports, has been arrested by the FBI on Wednesday in Kansas, according to Reuters.
Tucker and one of his lawyers, Timothy Muir, were arrested in Kansas City. An FBI spokeswoman confirmed the arrests to Reuters.
Tucker was under investigation by federal prosecutors in New York City for engaging in a massive scheme to deceive payday lending customers.
Per Reuters, lawyers for Tucker and Muir did not respond to a request for comment.
The Federal Trade Commission had reportedly sought $1.32 billion from Tucker and the estate of his deceased brother Blaine, dating back to 2012.
Per the FTC, Tucker was due to receive more than $400 million for various luxury vehicles and expenses, and some $67.8 million was transferred to the Level 5 race team.
AMG Services, an entity controlled by Tucker, had been subpoenaed in May 2014 for its reported payday lending practices. A criminal investigation was underway then, as Reuters reported at the time.
Level 5 Motorsports competed in the American Le Mans Series from 2010 to 2013, and made its lone start in the merged IMSA championship, then called the TUDOR United SportsCar Championship, in the 2014 Rolex 24 at Daytona.
Tucker was part of the winning lineup there in the GT Daytona class, co-driving with four others in a Ferrari 458 Italia GT3. The team withdrew from IMSA following that race; Tucker’s brother Blaine was then found dead of an apparent suicide in March, 2014.