Level 5 Racing--Busted drug-smuggling-ponzi-schemes-and-fraud

[k98dave]

Read all about it:

http://www.roadandtrack.com/motorsports/a28205/drug-smuggling-ponzi-schemes-and-fraud-racings-legacy-of-scandal/

 

[coboss]

I think it is funny that he is being busted for "predatory lending", when credit card companies bombard my 20-something kids with offers for credit cards with 39% annual interest, and that is just A-OK. It wasn't too far in the past that 39% interest would get you jailed for "predatory lending".

 

[k98dave]

I think 700% would be safetly considered "predatory lending"