IRS secures nearly $41 million in restitution from convicted payday lender

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Kansas CITY, Kan. – After pleaded guilty, Infamous payday loan businessman Scott Tucker agreed to pay
nearly $41 million in restitution to the Internal Revenue Service earlier this month.
Owned and operated multiple businesses, Tucker embroiled in a $3.5 billion online payday leading
scheme. He is currently serving a 16-year sentence for filing a false or fraudulent tax return.
It is alleged that Tucker did not paid taxes on millions from his profitable businesses, which lead to pay
restitution to IRS.

According to the U.S. Justice Department, from 1997 to 2013, Tucker made small, short-term, high-
interest, unsecured loans, commonly referred to as “payday loans,” through the internet.

“This started as a payday lending scheme or fraud and evolved,” said Tyler Hatcher, special agent in
charge of the IRS Criminal Division. “Now, there are taxes to be paid when you rip people off for
decades.”
In 2019, KMBC hedged an estate sale at Tucker’s $2.1 million Leawood home. This sale included plenty
of Tucker’s luxurious items which were bought with the profits from his businesses.
Earlier this year, Tucker’s brother, Joel, was also sentenced for $7.3 million in payday loan fraud,
together with $8 million in tax evasion.
Now, Tucker was sentenced to 12 and a half years in prison and was ordered to pay more than $8 million
in restitution to the IRS.
The court found Tucker used bank accounts to hide his income and assets, spending hundreds of
thousands of dollars in personal living expenses including vehicles, chartered jets, travel and
entertainment, and a personal home.
About both cases, Hatcher said, “we are aggressively pursuing the interest of the public and that we will
see those cases through to their logical conclusion.”

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