KANSAS CITY, Missouri (AP) – A Kansas businessman pleaded guilty Thursday to his role in two fraud schemes involving bogus payday loan debts and tax evasion totaling more than $ 8 million, said the federal prosecutors.
Joel Jerome Tucker, 51, of Prairie Village, Kansas, has pleaded guilty to one count of carrying stolen money across state lines, bankruptcy fraud and tax evasion, according to a press release from the Office of the United States Attorney for the Western District of Missouri.
“This well-dressed thief has victimized millions of Americans whose personal information has been fraudulently sold to debt collectors,” said US Attorney Timothy Garrison. “Some of these victims, in their fear and confusion, actually paid off debts they didn’t have. And by hiding his income and assets, then lying about it to federal agents, he has victimized every honest citizen who obeys the law and pays his income taxes. “
Under his plea deal, Tucker must pay more than $ 8 million in restitution to the Internal Revenue Service and waive an additional $ 5,000 to the government.
He faces up to 20 years in federal prison.
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