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

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

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

It had been real 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 neighborhood businessman wealthy.

That might be predatory lending that is payday the industry that this present year even offers made Tucker the goal of federal prosecutors his response.

KC Magazine‘s November 2012 writeup omitted a few other information about Tucker. The storyline traced their profession course in this manner: “After making college, Tucker embarked on a profession in personal equity and quickly established himself as a fruitful businessman.” This makes down a noteworthy first effort at making an instant fortune that rather drew prosecution.

After Tucker graduated from Kansas State University, into the 1980s, a federal grand jury in 1990 charged him with fraudulence in link with a bogus investment-bank operation called Chase, Morgan, Stearns and Lloyd (a business name that borrowed from different genuine investment banking institutions in procedure at that time). Tucker had been convicted and invested a 12 months in jail.

By the late 1990s, he was operating various payday-lending enterprises — which certainly led him to success, to paraphrase KC Magazine. But again, their company transactions have actually placed him within the crosshairs of federal authorities. The indictment brought against him by federal prosecutors in nyc earlier in the day this present year alleges that Tucker’s payday-lending enterprise violated anti-racketeering rules.

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

KC Magazine will not be one particular magazines.

It as well as other properties controlled by Leawood-based Anthem Media Group took a softer approach in terms of Tucker, failing continually to note the nature that is specific of organizations and alternatively concentrating on their forays into professional automobile race and touting their participation 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 contributions from millionaires get, this 1 had been all but completely symbolic.

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

When you look at the Federal Election Commission record of the $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 manager as AMG Services — the name associated with the leading operation that is payday-lending federal authorities state he nominally incorporated for an indigenous US reservation to be able to sidestep state usury laws and regulations, however in reality used 800 or maybe more individuals in Overland Park.

The intersections between Tucker and Anthem Media Group operate far much much deeper compared to a office that is suburban and a couple of initials.

Documents reveal that Tucker is, until really recently, a monetary factor to entities associated with Anthem Media Group, either through direct money assets or contractual relationships involving their lots of enterprises. And also as Tucker’s wealth has come under risk amid federal investigations to the nature of their payday-loan company, Anthem Media Group seems and to be in certain continuing 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 exact same time.

“My departure from KC Magazine — aswell as that of Editor-in-Chief Kimberly Winter Stern — came because of the book using an editorial that is different,” Van Luchene writes into the Pitch in a email. “After evaluating that, we made a decision 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 since this whole tale had been reported. Within an 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 sis publication Kansas City company Magazine. He additionally downplays Tucker’s role that is financial Anthem Ventures as well as its associated organizations.

“We haven’t any company or economic relationship with 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 from the businessman.