A 54 year-old man from Chelmsford is to stand trial next week in relation to offences of illegal money lending and money laundering, following an investigation by the England Illegal Money Lending Team.
The suspected loan shark was arrested in September 2016 by the team, who work in partnership with Essex County Council Trading Standards and Essex Police.
The trial will take place at Chelmsford Crown Court for an estimated 10 days.
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