Governmental Donor Associated With Payday Loan-Related Fraud

By Lindsay Frankel

Ahmad “Andy” Khawaja received their wide range by giving re re payment processing services for “high-risk” organizations.

professionals at Khawaja’s Los Angeles-based business, Allied Wallet Inc., have aided put up sham web sites and fake companies to front side for the legitimately dubious tasks of these customers, in accordance with internal company papers analyzed because of The Associated Press. Khawaja in addition has made prominent donations that are political Democrats and Republicans, including both Hilary Clinton and Donald Trump. Khawaja’s presents included a $1 million contribution to Trump’s committee that is inaugural. Recipients never ever questioned just just vital link how Khawaja obtained their fortune, though a number of the companies Allied Wallet supported have involved with disreputable, if you don’t unlawful, methods.

Khawaja and their attorney would not react to questions through the AP for longer than 30 days. The business’s marketing director, A.J. Alameda, said a week ago in a statement that “any accusations of illicit or prohibited tasks are misleading and categorically false.”

Whilst it’s not yet determined when there is an insurance policy behind Khawaja’s governmental giving, he’s got supported senators from the banking committee, which can be responisble for managing their industry. The Trump management’s steady deregulation for the payday financing industry are often good for Allied Wallet clients. Just last year, the Trump management halted Obama-era system procedure Choke Point, which discouraged banking institutions from developing company relationships with payday loan providers.

Assisting Cash Advance Loan Companies

Certainly one of Allied Wallet’s clients, a commercial collection agency company utilized practices that are aggressive persuade tens and thousands of Americans into forfeiting cash. Continue reading