A 61 year-old woman was arrested this morning (4, April) on suspicion of illegal money lending and money laundering following an operation in St Neots, Cambridgeshire.
The England Illegal Money Lending Team (IMLT) working in partnership with Cambridgeshire County Council’s Trading Standards Department and Cambridgeshire Constabulary executed warrants at a home address and business premises in St Neots seizing documentation, electronic devices and a quantity of cash.
Tony Quigley, Head of Service for the National Illegal Money Lending Team said:
“We will continue to work to combat loan sharks. They can cause untold misery to the most disadvantaged in our communities. We would urge anyone with information about loan sharking or victims of loan sharks to contact the team on 0300 555 2222 or visit the website at www.stoploansharks.uk.”
Aileen Andrews, Service Manager at Cambridgeshire County Council Trading Standards comments:
“We continue to support the important work of the England Illegal Money Lending Team and this case is another example of how Trading Standards at a local level works with the National Illegal Money Lending Team, Police and other agencies to protect local communities from Loan Sharks. It serves a clear warning that illegal money lenders will be pursued and prosecuted.”
Nationally, Illegal Money Lending Teams have secured more than 370 prosecutions for illegal money lending and related activity, leading to nearly 318 years’ worth of custodial sentences. They have written off £71.9 million worth of illegal debt and helped over 26,500 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