The loan shark who charged desperate clients 30 per cent interest
Vincent Hamilton has now been ordered to repay £70,000 of his ill-gotten gains
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A loan shark who charged his clients 30 per cent interest and traded illicit tobacco products has been ordered to repay more than £70,000 of his ill-gotten gains or face more jail time.
12:39, 8 MAY 2021
Loan shark Vincent Hamilton
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Loan shark Vincent Hamilton has been ordered to repay £70,000 or face more jail time - after he illegally lent cash to dozens of debt-riddled clients.
The 57-year-old had 31 clients with debts totalling £38,000 and profited by charging them 30 per cent interest.
Pay-back! Seized loan shark cash being handed out to Worcester groups
Money seized from loan sharks is now available for Worcester groups and charities to apply for - so far over £777,000 of ill-gotten gains has been handed out
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Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice A pot of cash seized from loan sharks is up for grabs in Worcester.
The money has come from loan sharks who have been convicted and their ill-gotten gains will now be given to worthy causes.
Arrest made as loan shark suspect s Howden home raided
The man was arrested following a major operation across another East Yorkshire town
Howden town centre. (Image: East Riding of Yorkshire Council)
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A suspected loan shark has been arrested following a major operation across East Yorkshire.
Suspected loan shark, 52, arrested in Birkenhead A SUSPECTED loan shark was arrested during raids in Wirral. The 52-year-old man was arrested on suspicion of illegal money lending and money laundering following an operation in Birkenhead. The England Illegal Money Lending Team working in partnership with Wirral Council Trading Standards and Merseyside Police searched properties across five addresses in Rock Ferry and Tranmere on Wednesday. Officers seized electronic devices and a large quantity of cash during the searches. The man was interviewed by IMLT officers and subsequently released under investigation pending further enquiries. Tony Quigley, head of the England Illegal Money Lending Team said: We will continue to work with our partners to identify and combat illegal money lending in communities.