Follow up to the Scott Tucker Thread.
12-09-2017, 07:44 PM
#17
Addict
Rennlist Member
Rennlist Member
12-10-2017, 09:12 AM
#18
Rennlist Member
It amazes me that Tucker was repeatedly having conversations/texts with Therrien. It's like his guilty conscience was showing. Totally Shakespearean!
12-11-2017, 11:48 AM
#20
The Penguin King
Rennlist Member
Rennlist Member
Great story on Tucker's multi-million dollar run at the SCCA DSR championship. I guess he had to dispose of some of that money.
http://www.dinnerwithracers.com/epis...vel-5-special/
http://www.dinnerwithracers.com/epis...vel-5-special/
01-08-2018, 10:08 PM
#22
Rennlist Member
Thanks for posting...definitely shed new light on the story!
01-28-2018, 10:03 PM
#23
There is a new show on Netflix called Dirty Money. Episode 2 is about Tucker. His denials are comical. His lawyer who went down with him is also a real piece of work. Complete scumbags!
01-29-2018, 08:21 AM
#25
Rennlist Member
Dirty Money
not sure if this was posted but netflix has a series called Dirty Money and there is a full episode on Scott Tucker.
01-29-2018, 02:08 PM
#27
Rennlist Member
A family friend directed the Scott Tucker Episode on Netflix.
Here's the link to the Netflix Documentary. It's Episode 2.
https://www.netflix.com/title/80118100
Here's the link to the Netflix Documentary. It's Episode 2.
https://www.netflix.com/title/80118100
01-29-2018, 02:39 PM
#28
Instructor
I watched the program last night. I was left wanting for more information on the government's case. I think it was made clear that Tucker and Muir knew they were fleecing poor people and quite frankly didn't care, they present it as being purely business people. There is a little bit of Enron flavor to the story, they thought they were smarter than the system and could find a legal mechanism to skate from this if someone came looking. I think the government, especially under the previous administration was particularly hard on people who took advantage of those living at the margin. The show put about the best face they could on Tucker, which still was not favorable. Muir came across as smug and bitter. Some of his bitterness appears justified based on the way they raided Muir's home.... what was the government was thinking when they sent a tactical team to his house while the whole family was home?
The thing I did like about it, was unlike most documentaries, it wasn't made with an opinion or result in mind. It seemed like it was about as fair as possible. It didn't even mention his previous 1.5 year at Levinworth for fraud. Even then, he came off looking pretty guilty.
01-29-2018, 05:06 PM
#29
Rennlist Member
I agree. I had to look up some information after watching it.
The thing I did like about it, was unlike most documentaries, it wasn't made with an opinion or result in mind. It seemed like it was about as fair as possible. It didn't even mention his previous 1.5 year at Levinworth for fraud. Even then, he came off looking pretty guilty.
The thing I did like about it, was unlike most documentaries, it wasn't made with an opinion or result in mind. It seemed like it was about as fair as possible. It didn't even mention his previous 1.5 year at Levinworth for fraud. Even then, he came off looking pretty guilty.
I understand some of the loans were misleading, what I don’t understand is how the govt allows credit card companies to charge crazy interest rates and when you do pay, it pays off the most recent purchase not the oldest with interest.
It was definitely eye opening.
i never heard of his driving coach was he an ex racer?
01-29-2018, 05:45 PM
#30
Instructor
I added a thread regarding the show. Sadness all around, his brother killing himself, the poor people who took out the loans and his daughter.
I understand some of the loans were misleading, what I don’t understand is how the govt allows credit card companies to charge crazy interest rates and when you do pay, it pays off the most recent purchase not the oldest with interest.
It was definitely eye opening.
i never heard of his driving coach was he an ex racer?
The issue wasn’t the interest rate here, it were the fees that the consumer paid that didn’t end up paying down the principal and how the loans were marketed to obscure these fees.
As as far as credit cards go, there is no difference in paying off old or new debt with the same interest rates. However, up until 2010, banks could choose which debt to apply payments over the minimum. So if you had a cash advance line of credit and a purchase line of credit, they could apply your payment towards the purchase line of credit knowing your cash advance line had a higher interest rate. In 2010 the credit card act mandated any payment above the minimum has to go to the line of credit that has the highest interest rates. Minimum payments still typically go toward the lowest interest rate lines.