KC Magazine provided payday-lending magnate Scott Tucker most of the press that is good money could purchase

KC Magazine provided payday-lending magnate Scott Tucker most of the press that is good money could purchase

In November 2012, KC Magazine called Scott Tucker “a staunch Republican voter and a number of years governmental activist.” It had been the newest of several appearances he’d made over time in Anthem Media Group’s regional glossy, a basic of doctors’-office waiting spaces into the suburbs that are metro’s. The admiring mini-feature also described Tucker as a private-equity business owner.

It absolutely was real that Tucker had performed numerous private-equity ventures. But KC Magazine made no mention — then or ever — of the industry that made this particular staunch Republican and neighborhood businessman rich.

That could be predatory payday financing — the industry that in 2010 even offers made Tucker the prospective of federal prosecutors.

KC Magazine‘s November 2012 writeup omitted a few other information about Tucker. The tale traced their job course because of this: “After making university, Tucker embarked on a vocation in personal equity and quickly established himself as a fruitful businessman.” This departs away a noteworthy first effort at making a fast fortune that rather drew prosecution.

After Tucker graduated from Kansas State University, within the 1980s, a federal jury that is grand 1990 charged him with fraudulence in link with a bogus investment-bank operation called Chase, Morgan, Stearns and Lloyd (a business title that borrowed from different genuine investment banking institutions in procedure at that time). Tucker ended up being convicted and invested a 12 months in jail.

By the late 1990s, he had been operating various payday-lending enterprises — which certainly led him to success, to paraphrase KC Magazine. But once more, their company transactions have actually put him within the crosshairs of federal authorities. The indictment brought against him by federal prosecutors in ny earlier in the day this current year alleges that Tucker’s payday-lending enterprise violated laws that are anti-racketeering.

A few magazines, including this 1, have actually tracked the nature that is shadowy of payday-lending companies recent years.

KC Magazine is not among those publications.

It along with other properties managed by Leawood-based Anthem Media Group took a softer approach in terms of Tucker, failing woefully to note the nature that is specific of companies and rather centering on his forays into professional car race and touting their participation in politics.

Tucker’s connection that is verifiable elective politics actually is limited, but he does, as KC Magazine indicated in 2012, favor Republican politicians. On October 27, 2012, Tucker cut a $10,000 check to GOP presidential prospect Mitt Romney. As efforts from millionaires get, this 1 had been all but totally symbolic.

But also for anybody after Tucker’s complex tangle of organizations, it had been scarcely worthless.

When you look at the Federal Election Commission record of the $10,000 check, Tucker listed their target as 7101 university Boulevard, Suite 400, in Overland Park — Anthem Media Group’s workplace during the time. In which he listed their company as AMG Services — the name for the leading payday-lending procedure that federal authorities state he nominally included on a indigenous American reservation in purchase to sidestep state usury laws and regulations, however in reality used 800 or higher individuals in Overland Park.

The intersections between Tucker and Anthem Media Group operate far much deeper when compared to a residential district workplace target and a collection of initials.

Documents reveal that Tucker was, until really recently, a contributor that is financial entities linked to Anthem Media Group, either through direct money opportunities or contractual relationships involving their lots of enterprises. And also as Tucker’s wide range has come under risk amid federal investigations to the nature of their payday-loan company, Anthem Media Group seems and to be in certain continuing state of upheaval. In January, longtime KC Magazine administrator editor Katie Van Luchene resigned through the mag. Its editor-in-chief, Kimberly Stern, left the exact same time.

“My departure from KC Magazine — aswell as that of Editor-in-Chief Kimberly Winter Stern — came because of the book using a various editorial direction,” Van Luchene writes towards the Pitch in a email. “After evaluating that, we made a decision to resign.”

Brian Weaver, the CEO of Anthem Ventures, the umbrella company over Anthem’s publishing unit, failed to get back calls through the Pitch since this tale had been reported. In a fruitful link reply that is e-mailed a set of penned questions sent to Anthem’s workplace, he does not deal with the ongoing future of KC Magazine or its sibling book Kansas City company Magazine. He additionally downplays Tucker’s role that is financial Anthem Ventures as well as its associated organizations.

“We do not have company or economic relationship with Mr. Tucker,” Weaver writes. “i actually do give consideration to him a pal.”

Friendship alone appears an explanation that is unlikely the rosy tales and splashy picture spreads that Tucker received in Anthem Media Group’s magazines even while news and federal investigations shut in regarding the businessman.

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