Wednesday, July 31, 2019
Celebrate Disgraced Payday Loan Honcho Scott Tucker Estate Sale Payout Deets
The Feds hit him with hard time and all of the cash he "earned" has been now mostly picked over by middle-class shoppers looking for a bargain and a way to feel better about their lives of quiet desperation.
Here's the highlights of a recent report for educational purposes regarding the current state of capitalism that's a lot more fragile than most people suspect . . . Checkit:
KC Biz Journal: Court docs reveal just how much Scott Tucker estate sale fetched
"More than 1,000 people flocked to the payday lending titan's $1.2 million Leawood home, which included items up for sale such as designer furniture, large-scale original art and other decor, gym equipment and designer clothing.
"The June estate sale netted $85,626, of which Kansas City-based Brown Button Estate Sale Services will take 35% for commissions and other fees . . . The remaining $53,626 will go to a court-appointed monitor who's been tasked with recovering assets Tucker obtained through money from operating his illegal payday lending business. To date, the court-appointed monitor has recovered $12.3 million, which will be dispersed to affected consumers."
Developing . . .