KANSAS CITY, Mo. (AP) – A Kansas City businessman has been found guilty of criminal charges related to a $220 million predatory payday lending operation.

The Kansas City Star reports that Richard Moseley Sr. was convicted Wednesday in New York of wire fraud, racketeering, aggravated identity theft and other charges stemming from a payday lending business that charged consumers interest rates as high as 700 percent.

Moseley ran a group of payday lending businesses known as the Hydra Lenders from 2004 to 2014. He was accused of establishing nominal businesses in New Zealand and in the Caribbean island of Nevis in order to sidestep state usury laws and regulatory investigations.

Moseley is the third Kansas City man to recently be convicted of running a usurious payday lending business.