July 13, 2021
Joel Jerome Tucker, the principal in payday loan business
eData Solutions, LLC and related entities, was ordered to pay
$8.1 million in restitution to the IRS and sentenced to
12.5 years in prison following his conviction on charges related to his fraudulent sale of non-existent payday loan portfolios and the failure by him and his companies to file federal income tax returns or pay taxes. Tucker used nominee bank accounts to conceal income and assets and owed taxes, penalties, and interest of more than $12 million. In addition, in 2020, Tucker fraudulently obtained a $20,000 Paycheck Protection Program loan.
USAO WD MO