KC Magazine offered payday-lending magnate Scott Tucker all of the good press their money could purchase

KC Magazine offered payday-lending magnate Scott Tucker all of the good press their money could purchase

In November 2012, KC Magazine called Scott Tucker “a staunch Republican voter and quite a long time governmental activist.” It absolutely was the most recent of several appearances he’d made through the years in Anthem Media Group’s neighborhood glossy, a basic of doctors’-office waiting spaces when you look at the metro’s suburbs. The admiring mini-feature also described Tucker as a private-equity business owner.

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

That could be predatory lending that is payday the industry that this season comes with made Tucker the goal of federal prosecutors.

KC Magazine‘s 2012 writeup omitted a couple of other details about Tucker november. The storyline traced their job course in this manner: “After making university, Tucker embarked on a profession in personal equity and quickly established himself as an effective businessman.” This actually leaves down a noteworthy attempt that is first making a fast fortune that rather drew prosecution.

After Tucker graduated from Kansas State University, into 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 various genuine investment banks in procedure at that time). Tucker ended up being convicted and invested a 12 months in jail.

Because of 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 placed him within the crosshairs of federal authorities. The indictment brought against him by federal prosecutors in ny earlier in the day this present year alleges that Tucker’s payday-lending enterprise violated laws that are anti-racketeering.

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

KC Magazine is not among those magazines.

It as well as other properties managed by Leawood-based Anthem Media Group took a softer approach with regards to Tucker, neglecting to note the certain nature of their companies and rather centering on their forays into professional car race and touting their involvement in politics.

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

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

Within 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 workplace during the time. In which he listed their company as AMG Services — the name associated with leading operation that is payday-lending federal authorities state he nominally included on a indigenous US reservation to be able to sidestep state usury rules, however in reality employed 800 or even more individuals in Overland Park.

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

Documents show that Tucker happens to be, 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. So that as Tucker’s wide range has come under risk amid federal investigations in to the nature of their payday-loan company, Anthem Media Group seems and 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 going for an editorial that is different,” Van Luchene writes towards the Pitch within an 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 telephone calls through the Pitch as this story had been reported. In a reply that is e-mailed a group of penned questions brought to Anthem’s workplace, he does not deal with the ongoing future of KC Magazine or its cousin book Kansas City company Magazine. He additionally downplays Tucker’s monetary part in Anthem Ventures and its particular relevant organizations.

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

Friendship alone appears a not likely description for the rosy tales and splashy picture spreads that Tucker received in Anthem Media Group’s magazines even while news and federal investigations shut in in the businessman.

About the Author: Ian Jasbb