The defendant the Service Institute, Inc., is charged in an indictment with seven counts of criminal usury in the first degree arising out of a series of alleged loans to the Giove Funeral Home, Inc., at a rate of interest in excess of 25% per annum or the equivalent rate for a shorter period as part of a scheme or business of making and collecting usurious loans.
The funeral home, in order to alleviate its cash flow needs, ...
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