zzdcar
Home
/
Reviews
/
Racing
/
Indicted Racer Who Funded Rides With Payday Loans Forced To Give Up Posh $8,000 A Month Lifestyle
Indicted Racer Who Funded Rides With Payday Loans Forced To Give Up Posh $8,000 A Month Lifestyle-October 2024
2024-02-19 EST 22:11:29

Indicted former American Le Mans Series champion and payday lending mogul Scott Tucker will no longer be able to tap into his frozen assets to maintain his lavish lifestyle, reports . How lavish? Tucker has been living off of $99,000 in the last five months for their many “spa, steakhouse, country club and liquor purchases.”

Tucker’s assets have been frozen since March 31 after evidence that he was running a deceptive lending enterprise was uncovered by a Federal Trade Commission investigation. The February federal grand jury against Tucker alleged that his payday lending businesses operated under misleading terms that hid interest rates as high as from borrowers. Tucker allegedly funneled that money into his personal life and .

In order to preserve funds for victims of Tucker’s payday lending scheme, U.S. District of Nevada Chief Judge Gloria Navarro ordered Tucker’s assets—including bank accounts, property, credit cards and a number of supercars and two Ferrari Challenge race cars—be frozen.

Unfortunately, the ludicrous amount of cash given for “living expenses” has gone towards keeping up the Tuckers’ gravy train, more so than the bare bones needed to live. The Kansas City Star writes:

Navarro’s March 31 asset freeze allowed Tucker and his family to live on $75,000 for the next two months. Afterward, Tucker was allowed $8,000 a month until Aug. 31 to pay for living expenses.

With the arrangement set to expire Aug. 31, Tucker’s lawyers sought permission to continue the monthly $8,000 allowance until the end of the year.

But the FTC objected, saying Tucker and his wife had lived off of $99,000 over the last five months and “continued their profligate lifestyle including spa, steakhouse, country club and liquor purchases.”

Additionally, the Star reports that Tucker withdrew $27,000 in funds without any evidence that it was shown to pay for living expenses, which is a massive slap in the face for any of Tucker’s alleged victims.

Tucker’s $8,000 a month allowance expired on August 31, and Navarro denied the request by Tucker’s lawyers to extend that in light of his recent out of control spending habits—meaning Tucker can’t access any of his cash.

However, if the Tucker family can demonstrate that they lack the income or assets to cover basic living expenses in the future, Navarro will consider giving Tucker an allowance again, per the Star. Hopefully it’s a lot less permissive than the last one, or maybe Tucker will be forced to pick up an honest day’s work cleaning the grass and mud out of GT3 Cup grilles.

Tucker has pleaded not guilty to a number of federal charges against him stemming from alleged violations of the Racketeer Influenced and Corrupt Organizations (RICO) Act. The case goes to trial on April 17.

[H/T Bakkster]

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Racing
Yeah This Is Definitely The Best And Worst Way To Drive During A Race
Yeah This Is Definitely The Best And Worst Way To Drive During A Race
There’s many kinds of great racing in this world. Racing of beauty, racing of grace. But very rarely is there racing where the pit crew kicks out the windshield completely, the car drives away, the hood flips up, and the driver can’t see anything at all so he does the...
Oct 19, 2026
NASCAR Race Ends Just In Time For Bristol To Get Pounded With Rain
NASCAR Race Ends Just In Time For Bristol To Get Pounded With Rain
NASCAR apparently timed today’s Sprint Cup Food City 500 in Support of Steve Byrnes and Stand Up to Cancer (pheeeeew) just right. It’s been throughout the day, but Bristol is about to get thoroughly pounded with thunderstorms right about...now. Here’s the radar that shows the line of storms headed to...
Oct 19, 2026
NASCAR Commentator Steve Byrnes Has Died Of Cancer At 56
NASCAR Commentator Steve Byrnes Has Died Of Cancer At 56
The entire motorsports community is in mourning right now. Steve Byrnes, long time NASCAR commentator, has passed away after a long battle with cancer. He was 56. Byrnes has been a part of the NASCAR community for decades and just celebrated his 56th birthday. I can’t do Steve justice, but...
Oct 19, 2026
The Definitive Visual Guide On How Not To Behave In A Motorcycle Race
The Definitive Visual Guide On How Not To Behave In A Motorcycle Race
Let Moto3 rider Romano Fenati demonstrate nearly every single bad behavior you could do in a motorcycle race. Fenati had a bit of a beef with fellow rider Niklas Ajo during the warm-up session for this weekend’s race, not only kicking at his competitor’s bike, but later reaching over and...
Oct 19, 2026
Watch A Field Of Spec Miatas Crash In A Sandstorm Made Of Oil Dry
Watch A Field Of Spec Miatas Crash In A Sandstorm Made Of Oil Dry
A car in an earlier race at this weekend’s SCCA US Majors Tour at Virginia International Raceway blew its engine, spewing assorted fluids all along this section of track. Oil dry should soak that right up, right? Sure, but when a tight pack of Spec Miatas hit the oil dry...
Oct 19, 2026
Driver So Mad At Race That He Refused To Do The Champagne Spray
Driver So Mad At Race That He Refused To Do The Champagne Spray
Twenty-five cars are currently under investigation for various incidents during the Long Beach Grand Prix round of the Pirelli World Challenge, including that of Ryan Dalziel. Dalziel was so frustrated with how this race went that he just walked off the podium during the celebration afterwards. Only the GT, GTA...
Oct 19, 2026
Copyright 2023-2026 - www.zzdcar.com All Rights Reserved