Fraudulent Lender in New York Faces Lawsuit for Extortionate Interest Rates on Loans
The Attorney General of New York has filed a lawsuit against a cash-advance operation for issuing fraudulent loans with interest rates as high as 820%.
The Attorney General of New York has filed a lawsuit against a cash-advance operation for issuing fraudulent loans with interest rates as high as 820%.
The founder of Nikola, Trevor Milton, has been sentenced to four years in jail for his involvement in making fraudulent claims about the capabilities of the company’s electric vehicles. The sentencing comes after an extensive investigation into allegations that Milton had misled investors and the public, leading to a significant loss of trust and damaging the reputation of the company.