Mastermind of Payday Loan Scheme Receives Over Seven Years in Prison
August 20, 2025
August 20, 2025
MIAMI, Florida, Aug. 20 -- The U.S. Attorney for the Southern District of Florida, Markenzy Lapointe, issued the following news release:
* * *
Mastermind of Payday Loan Scheme Receives Over Seven Years in Prison
Efrain Betancourt, Jr., 36, a dual citizen of Colombia and the United States, was sentenced on August 14 to 87 months in prison by U.S. District Judge Darrin P. Gayles for orchestrating a scheme that defrauded more than 600 investors out of over $6 . . .
* * *
Mastermind of Payday Loan Scheme Receives Over Seven Years in Prison
Efrain Betancourt, Jr., 36, a dual citizen of Colombia and the United States, was sentenced on August 14 to 87 months in prison by U.S. District Judge Darrin P. Gayles for orchestrating a scheme that defrauded more than 600 investors out of over $6 . . .