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| Author: | captain cab [ Wed Oct 15, 2008 12:31 pm ] |
| Post subject: | Businessman who lent money |
Businessman who lent money at rates of 11,000 per cent spared jail 15/10/2008 A businessman who illegally lent money on interest rates of up to 11,000 per cent was spared prison yesterday. Vivian Young, 52, owner of a taxi and carwash firm, had loaned tens of thousands of pounds since 2003 - including more than £31,000 to 63 friends who still owed him £164,000. Young admitted running a consumer credit business without a licence and was given 100 hours' community service by Portsmouth crown court. |
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