Loan sharks

Neath Port Talbot loan shark victim 'lived in fear'
A man who was threatened by a loan shark for more than four years says he lived "in constant fear".
Loan shark victims 'threatened and abused' in Wales
There have been more than 300 victims of loan sharks in Wales in the last two years, investigators say.
Loan shark victim wanted children taken into care
One mother pleaded for help after a loan shark left her children with nothing to eat.

Specialist PSNI officer to target loan sharks

The move is part of a government crackdown on illegal lenders
The PSNI's paramilitary crime task force is to receive funding for a specialist officer to crack down on illegal loan sharks. The money is part of a £5.5m UK grant to fight unlawful money lending. So how bad is the problem in Northern Ireland? That's the question Declan Lawn put to Chris Cupples from Christians Against Poverty, a group that works with the victims of illegal lenders.

Devon loan shark ordered to pay back £315,000

Del Crookes

BBC News Online

A man who loaned money to people in Torquay and Newton Abbot has been ordered to pay back £315,000 or face more time in prison.

Paul Stretch, 58, of Twickenham Road, Newton Abbot, was jailed for two years and three months in August after pleading guilty to illegal money lending and money laundering.

Paul Stretch
Devon and Cornwall Police

At a confiscation hearing at Exeter Crown Court, the loan shark was ordered to pay back the cash under the Proceeds of Crime Act (2002).

He has three months to pay the full amount or face an extra three years in prison.

In addition to his confiscation order, Stretch was also told to pay £11,545 in prosecution costs.

This hearing sends out a clear message that loan sharks who are caught flouting the law will be prosecuted and stripped of their available assets. This sort of behaviour will not be tolerated in Devon and we will continue to work with the council and police to crack down on loan sharks."

Tony QuigleyHead of the England Illegal Money Lending Team