Payday lenders hit by racketeering costume in Ill.

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By Victoria McKenzie (Dec 10, 2021, 7:09 PM EST) – A Chicago resident has filed a racketeering class action proposal against a group of online lenders who allegedly used a Wisconsin tribe as a front to avoid lawsuits for a top -predator. interest loan scheme.

In a lawsuit filed Thursday in Illinois federal court, Tyanna Qualls targeted a group of limited liability companies – including LDF Holdings, Anong LLC and Availblue – allegedly owned by a tribe in Wisconsin called the Flame Lake Band of Chippewa Indians of Lake Superior. According to Qualls, LLCs are no more tribal than their non-native, out-of-state beneficiaries: Jesse Phillips Lorenzo, Mark Koetting, and debt collector Rick …

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