With all the legislation news, we forget about all the fraud that goes on in the cash advance industry.
Rotunda Skinner claims she did not benefit personally from the $6000 in fraudulent loans ;). Talk about a good Samaritan. The fraud was identified through an internal audit by the district manager.
I wrote a very basic article about theft and payday lending. You should check it out here. It’s a very short read.
Most companies have insurance to cover this type of loss, but it’s still a little unnerving, especially with all the other B.S. owners have to deal with.
