Loan sharks to have to hand over £300,000 worth of assets

And on the topic of loan sharks.....

Two Lancashire based (father and son) loan sharks have been ordered to hand over £300,000 of their assets to the courts following a recent prosecution.  If they fail to do so within a certain time period then their respective sentences of 18 months and 12 months will be added to by 33 months and 18 months respectively.

Nationally the Stop Loan Shark Project has secured 293 prosecutions for illegal money lending and related activity, leading to more than 176 years worth of custodial sentences.

Anyone can be the victim of a loan shark.  If you know or suspect someone of providing illegal money lending, contact a specialist investigator in confidence on 0300 555 2222 - open 24/7.

Published: 25 Nov 2013

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