The Sham Tribal Ownership for the Company

In reaction to payday money center fees complaints that the Tucker Payday Lenders had been expanding loans that are abusive breach of the usury rules, a few states begun to investigate the Tucker Payday Lenders.

To thwart these state actions, TUCKER devised a scheme to declare that his financing companies had been protected by sovereign resistance, a appropriate doctrine that, among other activities, generally stops states from enforcing their regulations against indigenous American tribes. Starting in 2003, TUCKER joined into agreements with a few native tribes that are americanthe “Tribes”), like the Santee Sioux Tribe of Nebraska, the Miami Tribe of Oklahoma, in addition to Modoc Tribe of Oklahoma. The goal of these agreements would be to result in the Tribes to claim they owned and operated elements of TUCKER’s payday financing enterprise, to ensure when states desired to enforce rules prohibiting TUCKER’s loans, TUCKER’s financing organizations would claim become protected by sovereign resistance. In exchange, the Tribes received re payments from TUCKER, typically one per cent associated with profits through the part of TUCKER’s payday lending company that the Tribes purported to possess.

To be able to produce the impression that the Tribes owned and controlled TUCKER’s lending that is payday, TUCKER and MUIR involved with a few lies and deceptions. Among other activities:

  • MUIR as well as other counsel for TUCKER ready false factual declarations from tribal representatives that have been submitted to convey courts, falsely claiming, on top of other things, that tribal corporations substantively owned, managed, and handled the portions of TUCKER’s company targeted by state enforcement actions. Continue reading The Sham Tribal Ownership for the Company