Principal Line’s ‘godfather of payday lending’ sentenced to 14 years, stripped of $64M, for preying on economically susceptible An old Main Line investment banker whom made a profession of flouting state legislation and preying on cash-strapped individuals to build among the country’s biggest payday-lending empires had been sentenced Friday to 14 years in federal jail and stripped greater than $64 million in assets. But Charles M. Hallinan, 77, of Villanova, stayed unrepentant when confronted with a jail term that their solicitors said may as well be a „death phrase” offered their age and health that is rapidly declining. Hallinan said absolutely nothing whenever offered the opportunity to deal with U.S. District Judge Eduardo Robreno before their punishment had been imposed. […]