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Loan sharks ordered to repay thousands of pounds under POCA (30 March 2017)

Date: 30/03/2017
Duncan Lewis, Legal News Solicitors, Loan sharks ordered to repay thousands of pounds under POCA

Reading Crown Court has ordered two loan sharks who ran separate illegal money lending businesses across Bracknell in Berkshire to repay more than £70,000 under the Proceeds of Crime Act (POCA).

Anthony Crosby, 54, of Evedon in Bracknell was ordered to pay back £50,000 in proceeds of crime. He was given one month to pay the amount or face a nine-month default prison sentence.

Patrick Angus Frederick Gilham, 50, of Froxfield Down in Bracknell was ordered to repay more than £24,000 in proceeds of crime after a hearing in February.

Both loan sharks were sentenced to six months in prison, suspended for 18 months – and were ordered to carry out 150 hours of unpaid work.

Crosby and Gilham were investigated by the England Illegal Money Lending Team (IMLT), which works in partnership with Bracknell Forest Council’s Trading Standards Department and Thames Valley Police.

On 8 September 2015, warrants were executed at the home addresses of both loan sharks – IMLT officers recovered a quantity of documentation demonstrating illegal money lending activity.

The documents recovered from the home address of Anthony Crosby demonstrated money lending since at least 2011. The business had issued 15 loans to 15 different people in that time, together amounting of loans of at least £30,000.

Patrick Gilham had been running an illegal money lending business over a period of around three years, primarily out of the Bracknell area of Berkshire.

Documentation recovered from his home address on 8 September 2015 revealed that 56 cash loans – valued at more than £80,000 – had been provided to 25 different borrowers.

Head of Service for the National Illegal Money Lending Team, Tony Quigley, said:

“We are continuing to crack down on illegal money lending and bringing those who break the law to justice – it’s important to remember that loan sharks are only motivated by greed and should never been used.

“If you or someone you know has been a victim of a loan shark, we urge you to get in touch with IMLT on 0300 555 2222. Your call will be handled confidentially by one of our trained officers.”


Bracknell Forest Council Executive Member for Culture, Corporate Services and Public Protection, Councillor Iain McCracken, added:

“In Bracknell, we support the important work of the England Illegal Money Lending Team – this case is a clear example of how local Trading Standards work with the IMLT, police and other agencies to protect local communities from loan sharks.

“It should serve as a clear warning to other illegal money lenders that they will be pursued and prosecuted – I would encourage anyone being victimised by a loan shark to come forward and seek help.”


Nationally, Illegal Money Lending Teams have secured more than 370 prosecutions for illegal money lending and related activity, leading to nearly 318 years’ of custodial sentences for those convicted.

They have written off £71.9 million worth of illegal debt and helped over 26,500 people.

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