Two men have been arrested on suspicion of illegal money lending following an operation in Sefton.
Sefton’s Trading Standards, working with the Illegal Money Lending Team and Merseyside Police executed warrants at addresses in Bootle and Southport. Officers seized a quantity of cash, mobile phones, documents and electronic equipment, – along with a quantity of tobacco and cigarettes which are suspected to be counterfeit.
The suspects are in custody and are being questioned by officers from the team.
Tony Quigley, Head of the Illegal Money Lending Team said “We will continue to work to combat loan sharks. They can cause untold misery to the most disadvantaged in our communities. We would urge anyone with information about loan sharks or victims to contact the team on 0300 555 2222.”
Nationally, the Illegal Money Lending teams have secured more than 321 prosecutions for illegal money lending and related activity, leading to nearly 205 years worth of custodial sentences. They have written off £62 million worth of illegal debt and helped over 25,000 victims.
To report a loan shark call the 24/7 confidential hotline on 0300 555 2222, text ‘loan shark + your message’ to 60003 or email reportaloanshark@stoploansharks.gov.uk
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