A Furzedown woman has been sentenced for illegal credit brokerage in the first prosecution of its kind. Floridel Atilano, 58, from Edencourt Rd, was sentenced to a 12-month community order and ordered to complete 150 hours of unpaid work, following a hearing at Snaresbrook Crown Court today (Thursday, May 27). She pleaded guilty to unlawfully engaging in credit broking at a previous court hearing on March 23. Credit brokers offer services to help people find credit, for example a payday loan, by comparing the market and making introductions to companies providing deals. Ms Atilano pleaded guilty to running an unlicensed credit business for three years, where around £97,000 loans were issued in the Filipino community.
Police search house as part of illegal money lending investigation
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Loan shark victim forced to pay back thousands after borrowing £50
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Loan sharks target new victims via WhatsApp and Facebook
Criminals have been using social media – from dating sites to local community groups – to find, threaten and control people in debt
You have mail: pressure from loan sharks or criminal gangs can come via your smartphone. Photograph: Rafael Henrique/Shutterstock
You have mail: pressure from loan sharks or criminal gangs can come via your smartphone. Photograph: Rafael Henrique/Shutterstock
Sun 9 May 2021 01.45 EDT
Local WhatsApp groups have been one of the silver linings of the pandemic, creating community ties and support networks. Yet loan sharks are increasingly using these groups to extort money from their victims, according to England’s Illegal Money Lending Team (IMLT), an organisation that prosecutes illegal lenders and supports victims.
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.