Governmental Donor Associated With Payday Loan-Related Fraud

Governmental Donor Associated With Payday Loan-Related Fraud

By Lindsay Frankel

Ahmad “Andy” Khawaja received their wide range by giving payment processing services for “high-risk” businesses.

Executives at Khawaja’s Los company that is angeles-based Allied Wallet Inc., have assisted put up sham sites and fake companies to front side when it comes to legitimately questionable tasks of these customers, based on interior business papers analyzed by The Associated Press. Khawaja has additionally made prominent governmental contributions to Democrats and Republicans, including both Hilary Clinton and Donald Trump. Khawaja’s presents included a $1 million contribution to Trump’s inaugural committee. Recipients never ever questioned just how Khawaja obtained their fortune, though most of the organizations Allied Wallet supported have involved with disreputable, if you don’t illegal, methods.

Khawaja and his attorney would not react to concerns through the AP for longer than four weeks. The business’s marketing director, A.J. Alameda, stated week that is last a statement that “any accusations of illicit or prohibited tasks are misleading and categorically article false.”

Whilst it’s not yet determined if you have an insurance policy behind Khawaja’s governmental offering, he’s got supported senators regarding the banking committee, that is responisble for regulating their industry. The Trump management’s steady deregulation for the lending that is payday can also be very theraputic for Allied Wallet clients. A year ago, the Trump management halted Obama-era system procedure Choke Point, which discouraged banking institutions from developing company relationships with payday loan providers. Continue reading “Governmental Donor Associated With Payday Loan-Related Fraud”