Report: Scott Tucker arrested by FBI in payday lending scheme
For four years from 2010 to 2013, Scott Tucker and Level 5 Motorsports were American Le Mans Series regulars, first in the Prototype Challenge class and then the LMP2 class. They won, a lot, and were a regular championship-contending effort, plus those who worked for the team had nothing but positive things to say about the operation that was run.
That said, the funding of the team was always perpetually questioned, as Tucker was always allegedly involved within the payday lending business, and had reportedly abusive practices towards customers.
This has been something of a bubbling story for five years but per Reuters, on Wednesday, Tucker and one of his lawyers were arrested by the FBI for their alleged exploitation.
Per Reuters, an indictment filed in Manhattan federal court outlined millions that went to Tucker, who then used it for various luxury items. Allegedly, more than $67 million went to the Level 5 Motorsports race team.
Level 5’s last IMSA series start came under the unified TUDOR United SportsCar Championship umbrella in January 2014, when the team won the Rolex 24 at Daytona in the GT Daytona class. The team withdrew from the championship following that race.