“Mr. Abouammo violated the trust placed on him to protect the privacy of individuals by giving their personal information to a foreign power for profit.”…
“Godfather of Payday Lending” Stripped of $64 Million, Sentenced to 14 Years…
A former Main Line investment banker known as the “Godfather of payday lending” for preying on low-income borrowers was sentenced Friday to 14 years in federal prison and stripped of over $64 million in assets, reports philly.com. Lawyers for 77-year-old Charles M. Hallinan argued that the prison term might as well be a “death sentence” […]