Federal prosecutors want to force sale of Leawood payday loan mogul Scott Tucker’s Learjet
A federal judge in New York will consider whether to allow the government to sell a private jet belonging to indicted Leawood businessman Scott Tucker.
Prosecutors with the U.S. Attorney’s Office for the Southern District of New York told a judge presiding over Tucker’s criminal case that they worry that his private jet will lose value because Tucker stopped paying for maintenance and storage in an aircraft hangar.
Tucker’s 1994 Learjet Model 60 is part of a restraining order filed against his bank accounts and property. A grand jury in February indicted Tucker on charges of unlawfully collecting debt and racketeering in connection to his payday loan businesses.
Investigators believe Tucker incorporated payday loan businesses on tribal reservations, which aren’t subject to state laws that set limits on interest rates charged on short-term credit, but actually ran his companies out of an office building in Overland Park.
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