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Loan sharking is suddenly back in the news.
In my opinion, this is legally allowed loan sharking of the most exploitative kind.
Loan sharking has been around for years.
County juice, a little sharking, a little book.
That the government permitted such legalised loan sharking is a crime in it's own right which ought to be investigated.
Loan sharking is another of the Sons' businesses, as they lend money to businesses in the area.
Laws curtailing loan sharking were also passed.
"According to our estimates, loan sharking caused the closure in 2010 of 1,800 businesses and destroyed thousands of jobs.
His nickname, "Shark," was given because he used to do some sharking in the South Seas.
Loan sharking is treated as a high-level crime by law enforcement, due to its links to organized crime and the serious violence involved.
So I suppose all that talk of setting a maximum interest rate cap to discourage loan sharking was just more ConDem hot-air?
Informal types of lending like loan sharking have been around for years, but the volume and variety of recent immigration have brought an array of new types.
An organized-crime gang that authorities say terrorized an Upper East Side neighborhood through murder, extortion and loan sharking was indicted yesterday under a new antirackeetering law.
Heuse had no quarrel with loan sharks as a rule; he'd done some sharking of his own, in fact, and never minded breaking arms or heads when someone fell behind in paying off their rightful debt.
Mr. Zito told The Daily News in a 1985 interview that he began taking in homeless families because his conviction for loan sharking made him ineligible for a liquor license and he had difficulty attracting guests.
Using terms more akin to loan sharking than international banking, the officials described how B.C.C.I. established a secret Panamanian bank account for Peru with more than $250 million, or about 25 percent of the central bank's total capital.
They came to a square which, though it had once been a fairground and a farmer's market, had become a place for the exchange of loot and drugs, for the marshaling of gangs, and for the continuous sharking and hustling that was nothing less than the city consuming itself.