In almost 2 full decades of payday financing, Charlie Hallinan, a resident associated with Main Line, remained one action in front of state regulations while amassing a fortune one high-interest loan at the same time.

Now federal officials are preparing a racketeering situation he conspired to evade usury laws, according to four sources with knowledge of the matter, who asked not to be identified because the proceedings are secret against him, gathering evidence in an attempt to show. One of several payday lenders with who Hallinan worked, Adrian Rubin, 58, of Jenkintown, faces a jail term of 10 to 65 years after pleading responsible Wednesday to racketeering costs. (more…)