South Norwood loan shark faces jail

Douglas illegally loaned at least £115,000

Douglas illegally loaned at least £115,000

First published in News Croydon Guardian: Photograph of the Author by , Reporter

A loan shark who preyed on vulnerable people and locked them into debts of hundreds of thousands of pounds is facing jail.

Julian Douglas, of Dinsdale Garsdens, South Norwood, used threats and intimidation to ensure repayments through his illegal money-lending businesses between November 2009 and May this year.

Police who searched the 43-year-old's property in May found evidence of £115,000-worth of loans illegally granted to 24 people.

On Friday, appearing at Croydon Crown Court, he admitted illegal money lending, money laundering and attempting to pervery the course of justice.

He will be sentenced on October 4.

Councillor Simon Hoar, Croydon Council's cabinet member for community safety, said: "Illegal money lenders such as Douglas are a modern-day curse, preying on the vulnerable and making their lives a misery with threats and intimidation.

"We, as a council, in tandem with colleagues from the England Illegal Money Lending Team, will continue to track and prosecute these loan sharks until they realise they cannot continue to ply their trade with impunity, and will be forced before the courts for their just desserts."

 

TODAY'S TOP CROYDON STORIES

Comments

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree