Reuters reports that the FBI has confirmed the arrest of sportscar champion Scott Tucker and one of his lawyers, Timothy Muir, following a probe related to payday lending entities that authorities claimed Tucker controlled, including AMG Services Inc.The arrests followed a related lawsuit by the Federal Trade Commission that sought...

Papers submitted by the Federal Trade Commission in a Nevada federal court on Wednesday seek $1.32 billion in damages from sportscar champion Scott Tucker and his late brother Blaine. In a report filed by Reuters, United States regulators have targeted the Level 5 Motorsports team owner and his deceased brother...

Bloomberg.com reports that Federal prosecutors are preparing to bring charges against race driver and Level 5 team owner Scott Tucker (ABOVE), for deceiving borrowers about the cost of loans through payday lending operations.The Bloomberg report claims Manhattan U.S. Attorney Preet Bharara has been working with the FBI in New York...