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

In November 2012, KC Magazine called Scott Tucker “a staunch Republican voter and a number of years governmental activist.” It absolutely was the most recent of several appearances he’d made through the years 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 entrepreneur.

It absolutely was correct that Tucker had completed private-equity that is many. But KC Magazine made no mention — then or ever — of the industry that made this particular staunch Republican and businessman that is local.

That might be predatory lending that is payday 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 profession course in this way: “After making university, Tucker embarked on a vocation in private equity and quickly established himself as an effective businessman.” This makes down a noteworthy attempt that is first 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 year in jail.

By the 1990s that are late 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 placed 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 that one, have actually tracked the shadowy nature of Tucker’s payday-lending companies recent years years.

KC Magazine is not among those magazines.

It along with other properties managed by Leawood-based Anthem Media Group took a softer approach in terms of Tucker, neglecting to note the certain nature of their organizations and alternatively targeting their forays into professional automobile 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 go, this 1 had been all but totally symbolic.

However for anybody after Tucker’s complex tangle of organizations, it absolutely was scarcely worthless.

When you look at the Federal Election Commission record of this $10,000 check, Tucker listed their target as 7101 university Boulevard, Suite 400, in Overland Park — Anthem Media Group’s office at that time. In which he listed their manager as AMG Services — the name for the leading operation that is payday-lending federal authorities state he nominally included for an indigenous US booking to be able to sidestep state usury legislation, however in reality used 800 or higher people in Overland Park.

The intersections between Tucker and Anthem Media Group operate far deeper than the usual office that is suburban and a couple of initials.

Documents reveal that Tucker is, until really recently, a economic factor to entities linked to Anthem Media Group, either through direct money opportunities or contractual relationships involving their lots of enterprises. So that as Tucker’s wide range has come under hazard amid federal investigations to the nature of their payday-loan company, Anthem Media Group seems and also to be in certain 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 day that is same.

“My departure from KC Magazine — in adition to that of Editor-in-Chief Kimberly Winter Stern — came because of the book using https://installmentloansvirginia.org/ a various editorial direction,” Van Luchene writes towards the Pitch in a email. “After evaluating that, we chose 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 as this tale had been reported. Within an e-mailed respond to a set of penned questions brought to Anthem’s workplace, he doesn’t deal with the ongoing future of KC Magazine or its sis book Kansas City Business Magazine. He additionally downplays Tucker’s role that is financial Anthem Ventures and its particular relevant businesses.

“We don’t have any company or relationship that is financial Mr. Tucker,” Weaver writes. “i actually do start thinking about 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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