Two suspected loan sharks were arrested in Scunthorpe yesterday (Tuesday 19).
The England Illegal Money Lending Team (IMLT) working in conjunction with officers from Humberside Police, executed a warrant at a residential address in Ashby, seizing electronic devices and a quantity of cash.
A 31 year-old woman and 43 year-old man were arrested on suspicion of illegal money lending and money laundering as part of the operation.
The suspects were interviewed by investigators and subsequently released under investigation pending further enquiries.
Tony Quigley, head of the Illegal Money Lending Team, said:
“Loan sharks bring great misery to communities across the country. They prey on vulnerable people and use callous enforcement methods to get their money back. This criminal behaviour will not be tolerated in North Lincolnshire and we will continue to work with our council and police partners to stamp out illegal money lending.”
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
Private message us on www.facebook.com/stoploansharksproject