21st September 2023

Loan shark hit with POCA order

An illegal money lender from Liverpool must pay back £40,000 under the Proceeds of Crime Act.

By JTS Staff
Journal of Trading Standards' in-house team

An illegal money lender who preyed on vulnerable people in Liverpool has been ordered to pay back £40,000 following a Proceeds of Crime Act (POCA) investigation.

In April Anthony Suku, (65), was sentenced to 22 months in prison, suspended for 18 months, after admitting to charges of unlawful money lending and money laundering.

The case was prosecuted by the England Illegal Money Lending Team (IMLT) in partnership with Liverpool Trading Standards and Merseyside Police.

The unlicensed loans activity took place between March 2018 and July 2021, when investigators executed a warrant at Suku’s home and recovered a notebook containing details of loans issued and collections as well as other paperwork.

Financial Investigators for the IMLT estimated that Suku was receiving an annual income of £52,000 from his criminal lending.

Head of the England Illegal Money Lending Team, Tony Quigley said: “We will continue to prosecute those who lend illegally. Anyone who believes they have been the victim of a loan shark is urged to contact the confidential hotline on 0300 555 2222.”

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