Longtime Wilmington resident accused to be element of a scheme that charged over 700 percent interest on payday advances

Prominent lawyer indicted in cash advance scheme.

Wheeler K. Neff walks through the Federal Building in Philadelphia on Thursday, April 7, 2016. Neff is accused in a racketeering that is federal with involved in a payday financing scheme that charged just as much as 700 % interest on short-term loans. (Picture: Matt Rourke, AP)

A prominent Wilmington attorney is indicted in an enormous pay day loan scheme that charged over 700 percent interest on loans by pretending lenders had been indigenous American tribes exempt from what the law states, based on prosecutors.

Federal authorities in Pennsylvania are claiming Wilmington resident Wheeler K. Neff, 67, and Pennsylvania resident Charles M. Continue reading