Friday, March 20, 2009

The darker side of debt

Loan shark who raped debtor jailed

A loan shark who raped an impoverished customer and threatened to petrol-bomb another woman's house has been jailed for seven years. Paul Nicholson, 39, squeezed hundreds of thousands of pounds from working-class families. If repayments were overdue he demanded his money by threatening debtors with the baseball bat, machete and knuckle dusters he owned. Warrington Crown Court has heard that Nicholson, who lived in a £1 million house next to a golf course in Delamere, Cheshire, forced one woman who owed him money to perform a sex act. He told one debtor: "Your priority is to pay me, not feed your kids." The couple targeted more than 800 poor people across Widnes and Runcorn in Cheshire, charging up to 150 per cent interest on loans.

Posted by drewster @ 09:21 PM (823 views)
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2 thoughts on “The darker side of debt

  • Lord D'arcy Pew says:

    If this chap had been running Northern Rock he would of been haled a financial genius for saving the tax payers Billions.

    This is what the states does to the money launders that are not part of the “financial elite”

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  • There should be a law which allows you to hit him where it hurts. Take his house from him. I hope he meets someone bigger, in prison, who permanantly disables him.

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