Saturday, October 1, 2022

Stanford man set to appear in court over “loan shark” charges

A 61 year old man from Stanford-le-Hope in Thurrock been charged with illegal money lending, money laundering and four offences of handling stolen vehicle parts, following an investigation by the England Illegal Money Lending Team, working in partnership with Thurrock Trading Standards and Essex Police.

The suspect is due to make his first appearance at Basildon Magistrates Court at 10am on Thursday 7th June.

He was arrested in July last year after a multi-agency operation in which warrants were executed at the suspects home and business premise.

Nationally the Stop Loan Shark Project has secured over 210 prosecutions for illegal money lending and related activity, leading to 125 years worth of custodial sentences. They have written off almost £40 million worth of illegal debt and helped over 18,000 victims.


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