A 77-year-old previous landfill owner and investment banker from Pennsylvania who created a surefire solution to make money—by illegally charging you high interest levels on loans meant to people who could minimum manage them—will probably spend the rest of their life in jail.

Charles Hallinan, dubbed by prosecutors since the “godfather of payday lending” because their techniques to circumvent state rules and conceal their long-running scheme paved just how for other individuals to check out in their footsteps, recently received a 14-year federal jail phrase for their part in gathering vast sums of bucks in short-term loans with interest levels that approached 800 %.

Prosecutors portrayed Hallinan being a ruthless loan shark whom enriched himself by trapping their victims within an endless cycle of debt.

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