Loan Shark Ring Cracked by Police ; Racket Was Profiting On Desperation
The Journal › December 24, 2009
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Summary
AN ILLEGAL loan shark ring profiting from families' poverty has been put out of business.
The money-lending racket operating throughout Tyneside was brought down when officers from the North East Illegal Money Lending team raided the home of an alleged loan shark in Newcastle's West End, seizing large quantities of cash and log books with customers' details written inside.See the full content of this document
Extract
Loan Shark Ring Cracked by Police ; Racket Was Profiting On Desperation
It is believed the operation, which offers customers cash loans but charged huge interest rates up to 150bn%, and used threats of viole...
See the full content of this document
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