Suspected loan shark arrested in Warrington

A 28 year-old man was arrested on suspicion of illegal money lending and money laundering, following an operation in Warrington yesterday (Wednesday, 12 September).

The England Illegal Money Lending Team (IMLT) working in partnership with officers from Warrington Borough Council Trading Standards and Cheshire Police executed a warrant at a residential address in Fearnhead and seized documentation and electronic devices.

The suspect has been released under investigation pending further enquiries.

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

“Loan sharks are notorious for preying on vulnerable people in financial hardship. This criminal behaviour will not be tolerated in Warrington and we will continue to work with our council and police partners to eradicate illegal money lenders from communities.

“We urge victims of loan sharks to contact us in confidence on 0300 555 2222 and help us bring these unscrupulous lenders to justice.”

Cllr Judith Guthrie, Executive Board Member for Environment and Public Protection, said:

“I am pleased to be working with our partners in cracking down illegal money lenders in Warrington. Loan sharking is a despicable crime that can happen in all sectors of the community. I encourage victims to come forward and report loan sharks in confidence.”

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