Suspected loan sharks arrested in Hull

A 42 year-old woman and 43 year-old man were arrested this morning (12 June 2018) on suspicion of illegal money lending and money laundering, following an operation in Hull.

The England Illegal Money Lending Team (IMLT) working in partnership with East Riding of Yorkshire Trading Standards and Humberside Police executed warrants at a residential address and commercial premises in Willerby, seizing documentation and electronic devices.

The suspects are currently in custody and are being questioned by officers from the IMLT.

Tony Quigley, Head of the England Illegal Money Lending Team, said:

“Loan sharks prey on some of the most vulnerable members in our society and so it’s vitally important we work with key organisations to combat illegal money lending and protect residents.

“Today’s operation sends out a clear message to all those involved in this type of criminal activity that we will not tolerate loan sharks in Hull. We urge residents who have fallen victim to this crime to contact us in confidence on 0300 555 2222 and help us bring these unscrupulous lenders to justice.”

The IMLT have released an impactful new video, which aims to bring awareness to the issue of how parents are affected by loan sharks.

Research shows 50% of loan shark victims are parents of children. The short dramatic video coincides with My Money Week (11-17 June) and shows the devastating effect of illegal money lending.

The video is now available to view at www.stoploansharks.uk/news

Nationally, Illegal Money Lending Teams have secured more than 382 prosecutions for illegal money lending and related activity, leading to nearly 329 years’ worth of custodial sentences. They have written off £73.7 million worth of illegal debt and helped over 28,000 people.

To report a loan shark:

Call the 24/7 confidential hotline 0300 555 2222

Text a report to 078600 22116

Visit the website www.stoploansharks.co.uk

E-mail reportaloanshark@stoploansharks.gov.uk 

Private message us on www.facebook.com/stoploansharksproject