1. ITV Report

Croydon loan shark jailed for 20 months

Julian Douglas Photo: Metropolitan Police

A 43-year-old loan shark who operated across London and Kent for almost four years has been jailed for 20 months.

Julian Douglas pleaded guilty to illegal money lending, money laundering and attempting to pervert the course of justice.

Croydon Crown Court heard how unemployed Douglas, of Dinsdale Gardens, arranged, managed and enforced loans, expecting borrowers to pay back double the amount they had borrowed.

Sentencing him, His Honour Judge McKinnon described it as a 'highly profitable and substantial unlicensed business', adding: "His poor wretched victims had no real possibility of paying off the loan."