A Kansas City, Missouri businessman was sentenced to 10 years in prison on Tuesday after he was found guilty running a $220 million payday lending scheme that charged illegally high interest rates and signed up borrowers without their consent, federal prosecutors said.

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1330 & 101.5 WHBL—By Brendan Pierson NEW YORK (Reuters) - A Kansas City, Missouri businessman was sentenced to 10 years in prison on Tuesday after he was found guilty running a $220 million payday lending scheme that charged illegally high interest rates and signed up borrowers without their consent, federal prosecutors said. Richard Moseley, 73, was sentenced by...

Missouri businessman sentenced to 10 years for payday lending scheme. NEW YORK (Reuters) - A Kansas City, Missouri businessman was sentenced to 10 years in prison on Tuesday after he was found guilty running a $220 million payday lending scheme that charged illegally high interest rates and signed up borrowers without their consent, federal prosecutors said.