Suspected loan sharks arrested in Wirral

Two women, aged 37 and 60 years old were arrested this morning (28 March 2018) on suspicion of illegal money lending and money laundering, following an operation in Wirral.

The Illegal Money Lending Team (IMLT) working in partnership with Wirral Metropolitan Borough Council Trading Standards and Merseyside Police executed warrants at two residential addresses in Wallasey, seizing documentation, electronic devices and a quantity of cash.

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

Tony Quigley, Head of the 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 Merseyside. 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.”

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