News item

England Illegal Money Lending Team obtain another successful arrest in Ipswich

A men aged 39 has been arrested on suspicion of illegal money lending, whilst a 20 year old man has been arrested on possession of class B drugs with intent to supply,  following an operation in Ipswich last Wednesday (18 September)

The England Illegal Money Lending Team working in partnership with Suffolk County Council and Suffolk Constabulary executed a warrant at a residential property.

The suspects have been released on bail until November whilst officers from the Team and the Police carry out further enquiries. 

Councillor Colin Spence, Suffolk County Council's cabinet member for public protection said; “Illegal money lenders target those people in the community who are vulnerable and generate a spiral of debt which victims can’t get out of.

“We are determined, with our partners, to disrupt this activity and put loan sharks out of business. I hope today’s action demonstrates just that."

DC Nicola Smith said: “We thoroughly support the work of the England Illegal Money Lending Team and work with them to stop illegal money lending and associated crime.  We will continue to assist in targeting those involved in these criminal activities and ask members of the public to report illegal money lending on 0300 555 2222 so we together with the England Illegal Money Lending Team can take positive action.”

Nationally the Illegal Money Lending Teams have secured 266 prosecutions for illegal money lending and related activity, leading to more than 171 years worth of custodial sentences. They have written off £40.3 million worth of illegal debt and helped over 22,000 victims.

To report a loan shark:

Call the 24/7 confidential hotline 0300 555 2222 

Text ‘loan shark + your message’ to 60003 

E-mail reportaloanshark@stoploansharks.gov.uk 

Private message us on www.facebook.com/stoploansharksproject

 

ENDS

For more information contact Sarah-Jane Lynch, Illegal Money Lending Team communications officer, on 0121 693 1030 or 07881617119 or email sarah-jayne.lynch@birmingham.gov.uk. To speak to the National Trading Standards Board with a more general enquiry please contact the Trading Standards Institute press office on 0845 6089430 or pressoffice@tsi.org.uk

Notes to editors

The National Trading Standards Board (NTSB) is a group of senior and experienced local government heads of trading standards, representing all trading standards services across England and Wales. The Board has been set up by the Government as part of changes to the consumer protection landscape and an enhanced role for trading standards. 

NTSB provides leadership influence, support and resources to help combat consumer and business detriment locally, regionally and nationally.

The Stop Loan Sharks Project consists of three Illegal money lending teams in England, Scotland and Wales.  The NTSB has responsibility for the England and Wales Illegal Money Lending Teams that are hosted by Birmingham City Council and Cardiff Council. There are separate arrangements in place in Scotland. 

Nationally, Illegal Money Lending Teams have secured 266 prosecutions for illegal money lending and related activity, leading to more than 171 years-worth of custodial sentences. They have written off £40.3 million worth of illegal debt and helped over 22,000 people.

The Illegal Money Lending Teams in England and Wales work in partnership with local Trading Standards Authorities in their related countries. They consist of specialist officers who investigate and prosecute illegal money lending and related activity and LIAISE officers who support victims and raise awareness of the dangers of borrowing from illegal money lenders. 

DATE: 24 September 2013