Payday lenders hit with a racketeering trial in Ill.

By Victoria McKenzie (December 10, 2021, 7:09 PM EST) – A Chicago resident has filed a proposed racketeering class action lawsuit against a group of online lenders that allegedly used a Wisconsin tribe as a front to avoid prosecution for a predator high-interest loan scheme.

In a lawsuit filed Thursday in federal court in Illinois, Tyanna Qualls took aim at a circle of LLCs — including LDF Holdings, Anong LLC and Availblue — allegedly owned by a Wisconsin tribe called the Lac du Flambeau Band of Chippewa Indians of Lake Superior. According to Qualls, LLCs are no more tribal than their non-Native, out-of-state beneficiaries: Jesse Phillips Lorenzo, Mark Koetting and debt collector Rick…

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