In November 2012, KC Magazine called Scott Tucker вЂњa staunch Republican voter and a number of years governmental activist.вЂќ It absolutely was the newest of several appearances heвЂ™d made through the years in Anthem Media GroupвЂ™s neighborhood glossy, a staple of doctorsвЂ™-office waiting spaces into the metroвЂ™s suburbs. The admiring mini-feature also described Tucker as a private-equity business owner.
It had been real that Tucker had completed numerous private-equity ventures. But KC Magazine made no mention вЂ” then or ever вЂ” of the industry that made this particular staunch Republican and businessman that is local.
That might be predatory payday financing вЂ” the industry that in 2010 has also made Tucker the mark of federal prosecutors.
KC MagazineвЂs 2012 writeup omitted a couple of other details about Tucker november. The storyline traced their profession course that way: вЂњAfter making university, Tucker embarked on a vocation in personal equity and quickly established himself as a fruitful businessman.вЂќ This makes down a noteworthy first effort at making an instant fortune that instead drew prosecution.
After Tucker graduated from Kansas State University, when you look at 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 during the time). Tucker had been convicted and invested a 12 months in jail.
By the late 1990s, he had been operating various payday-lending enterprises вЂ” which certainly led him to success, to paraphrase KC Magazine. But yet again, their company transactions have actually placed him within the crosshairs of federal authorities. The indictment brought against him by federal prosecutors in ny previously this current year alleges that TuckerвЂ™s payday-lending enterprise violated anti-racketeering laws and regulations.
A few publications, including this 1, have actually tracked the nature that is shadowy of payday-lending companies recent years years.
KC Magazine is not those types of magazines.
It along with other properties managed by Leawood-based Anthem Media Group took a softer approach in terms of Tucker, failing woefully to note the particular nature of their organizations and alternatively concentrating on their forays into professional automobile race and touting their participation in politics.
TuckerвЂ™s verifiable link with elective politics happens to be 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 completely symbolic.
But also for anybody after TuckerвЂ™s complex tangle of organizations, it absolutely was barely 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 вЂ” Anthem Media GroupвЂ™s workplace during the time. In which he listed their company as AMG Services вЂ” the name of this leading operation that is payday-lending federal authorities say he nominally included for a indigenous American booking to be able to sidestep state usury guidelines, however in reality employed 800 or higher people in Overland Park.
The intersections between Tucker and Anthem Media Group operate far much deeper compared to a residential district workplace target and a couple of initials.
Documents reveal that Tucker happens to be, until really recently, a monetary factor to entities associated with Anthem Media Group, either through direct money opportunities or contractual relationships involving their lots of enterprises. And also as TuckerвЂ™s wide range has come under risk amid federal investigations to the nature of his payday-loan company, Anthem Media Group seems and to be in a few 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.
вЂњMy departure from KC Magazine вЂ” aswell as that of Editor-in-Chief Kimberly Winter Stern вЂ” came because of the book using a various editorial direction,вЂќ Van Luchene writes to your Pitch within an email. вЂњAfter evaluating that, we chose to resign.вЂќ
Brian Weaver, the CEO of Anthem Ventures, the umbrella organization over AnthemвЂ™s publishing unit, failed to get back calls through the Pitch since this tale had been reported. Within an reply that is e-mailed a pair of penned questions sent to AnthemвЂ™s workplace, he does not deal with the ongoing future of KC Magazine or its cousin book Kansas City company Magazine. He also downplays TuckerвЂ™s role that is financial Anthem Ventures and its own associated businesses.
вЂњWe haven’t any company or relationship that is financial Mr Tennessee title loans direct lenders. Tucker,вЂќ Weaver writes. вЂњi actually do start thinking about him a buddy.вЂќ
Friendship alone appears an explanation that is unlikely the rosy tales and splashy picture spreads that Tucker received in Anthem Media GroupвЂ™s magazines even while news and federal investigations shut in from the businessman.