The Illegal Money Lending Team (#IMLT) launched a nationwide social media campaign back in December to warn families against borrowing from loan sharks in the lead up to Christmas.
A LOAN shark, who preyed on members of the Congolese and Angolan communities, was ordered to pay back thousands of pounds in proceeds of crime money at Birmingham Crown Court on 5 January 2018.
Jean-Roger Mambonzo, 57, from Bournville, received a 10 month suspended prison sentence at an earlier hearing (22 December 2017) after pleading guilty to two offences of illegal money lending.
During a confiscation hearing, Mambonzo was ordered to pay back £33,151 in proceeds of crime money.
The Illegal Money Lending Team brought the case against Jean-Roger Mambonzo after officers, working in partnership with Birmingham City Council Trading Standards and West Midlands Police, executed a warrant at the defendant’s home address on 3 May 2017 and found bank receipts evidencing loan activity and over £13,000 in cash.
At an earlier hearing, Prosecutor Simon Mortimer told the court that Mambonzo had been operating an illegal money lending business across the country since 30 April 2012. During this period, Mambonzo had provided over 500 personal loans to 186 borrowers from the Congolese and Angolan communities. Mr Mortimer said the defendant was charging borrowers 30% interest per month on personal loans.Financial investigations conducted by the IMLT demonstrated that on some months, customers were only able to pay the interest amount, meaning their capital loan balance was never reduced.
For Support and and information concerning loan sharks, please call the #IMLT 24 hour Hotline on; 0300 555 2222