Villanova resident thought to face U.S. research of allegations he conspired to evade usury laws and regulations.
A resident of the Main Line, stayed one step ahead of state laws while amassing a fortune one high-interest loan at a time in nearly two decades of payday lending, Charlie Hallinan.
Now federal officials are planning a racketeering instance he conspired to evade usury laws, according to four sources with knowledge of the matter, who asked not to be identified because the proceedings are secret against him, gathering evidence in an attempt to show. Among the payday lenders with who Hallinan worked, Adrian Rubin, 58, of Jenkintown, faces a jail term of 10 to 65 years after pleading bad Wednesday to racketeering fees.
“Rubin conspired along with other visitors to evade state usury guidelines as well as other restrictions on pay day loans by doing a number of misleading company techniques,” Zane Memeger, the U.S.Read More›