A 70-year-old man has been arrested in Eastern Cardiff on suspicion of illegal money lending and money laundering, following an operation by Stop Loan Sharks Wales.
Details of the Arrest
Officers executed a warrant at a property in the eastern area of Cardiff, where they seized cash, mobile phones, electronic devices, and documents. The suspect was taken into custody and interviewed.
The investigation is ongoing, and the suspect is believed to have been active in South Wales and Southwest England.
If you think you or someone you know has been affected by illegal money lending, contact Stop Loan Sharks Wales for confidential advice and support.
👉 Report illegal lending here: stoploansharkswales.co.uk/tell-us-about-it/
A Fresh Start for Victims This Christmas
Our officers will be contacting all known victims of this loan shark to provide support and advice.
This means his victims will no longer have to pay the man arrested and, as a result, they will have a safer, more secure festive season just in time for Christmas.
Our Commitment to Victims and Tackling Loan Sharks
Sarah Smith, Manager of Stop Loan Sharks Wales, said:
“We work closely with community partners to ensure that illegal lenders are identified and pursued, and victims are supported. This arrest demonstrates that when communities and professionals collaborate, we can disrupt these harmful networks and provide people the help they need to get out of financial hardship.”
Why Illegal Money Lending is a Serious Threat
Illegal money lending continues to pose a significant risk to people across Wales. These lenders often exploit people in financial difficulty, leading to long-term suffering and fear. Community vigilance and reporting are essential to stop these crimes.
Stop Loan Sharks Wales offers free, confidential advice and support to anyone affected by illegal money lending. You will never get into trouble for speaking out.
If you or someone you know has been targeted by a loan shark, don’t wait—reach out to us today and take the first step toward safety and peace of mind. Contact us now:
📞 24/7 Hotline: 0300 123 3311
🌐 Report Online: stoploansharkswales.co.uk/tell-us-about-it/
📧 Email: stoploansharkswales@valeofglamorgan.gov.uk
Categorised in: Blog