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Philadelphia Man Sentenced for RICO Conspiracy, Mail Fraud
PHILADELPHIA, PA – U.S. Attorney William M. McSwain announced today that Adrian Rubin, 61, of Jenkintown, was sentenced to 37 months’ imprisonment and three years’ supervised release for his role in a massive payday lending scam and multi-million-dollar telemarketing scheme.
Rubin, a co-conspirator of the reputed “godfather of payday lending,” Charles M. Hallinan, admitted to collecting unlawful debt from payday loans with annual interest rates exceeding 780 percent. The loans are illegal in Pennsylvania and many other states.
In 2012, Rubin collected $2,069,327 in payday loan debt. He also obtained $7,552,473 in proceeds from an illegal telemarketing scheme to defraud more than 70,000 people into purchasing worthless credit cards. The credit cards were marketed as the Platinum Trust Card and the Express Platinum Card, with false and misleading representations that the products worked like regular credit cards.
Rubin was ordered to forfeit $9,621,800 in proceeds from his crimes, including $2,069,327 in payday loan proceeds and all $7,552,473 in proceeds from the telemarketing scam. His sons, Blake and Chase Rubin, were also involved in the scheme and are scheduled to be sentenced separately.
U.S. Attorney William M. McSwain praised the efforts of the Federal Bureau of Investigation, Internal Revenue Service Criminal Investigations, and the United States Postal Inspection Service, which investigated the case. Assistant U.S. Attorneys Mark Dubnoff and Joel Sweet prosecuted the case, with Assistant U.S. Attorney Maria Carrillo handling the forfeiture filings.
The sentences and sizable forfeiture judgment secured in this case demonstrate the determination of the U.S. Attorney’s Office to hold accountable those who engage in criminal activity and to ensure that crime does not pay, McSwain said.
Adrian Rubin’s RICO co-conspirators, Charles M. Hallinan and Wheeler K. Neff, were both convicted by a federal jury last November of RICO and other charges. Hallinan was sentenced to 14 years’ imprisonment in July 2018, while Neff was sentenced to eight years’ imprisonment in May 2018.
Key Facts
- State: Pennsylvania
- Category: White Collar Crime|Organized Crime
- Source: DOJ Press Release â†â€â€
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