Charles Hallinan, 77, of Villanova, PA had been sentenced to 14 years in federal jail, had been bought to pay for a $2.5 million fine and saw the seizure in excess of $65 million in assets associated with a pay day loan scheme.
The government charged in its superseding indictment in November 2017, a federal jury convicted Hallinan of all 17 counts of criminal conduct.
Hallinan, an investment that is former, was at the payday financing company from at the least 1997 to 2013.
Hallinan owned, operated, and companies that are financed issued small-amount, fixed-fee loans and collected debts on these loans more than $690 million. Read more “Hallinan joins Wilmington lawyer Neff in getting jail term for pay day loan scheme”