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Loan Shark
(redirected from Loan sharking)

   Also found in: Wikipedia 0.03 sec.

A person who lends money in exchange for its repayment at an interest rate that exceeds the percentage approved by law and who uses intimidating methods or threats of force in order to obtain repayment.

In most jurisdictions Usury laws regulate the charging of interest rates. Loan sharking violates these laws, and in many states it is punishable as a criminal offense. The usual penalty imposed is a fine, imprisonment or both.



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So what do we make of Lumet's latest crowd-pleasing courtroom drama, "Find Me Guilty," in which the filmmaker asks us to side with the 20 members of a Mafia crime family and, in particular, main character Giacomo "Jackie Dee" DiNorscio, a lunkhead lunatic serving hard time for loan sharking, fraud, extortion and drug-dealing?
The company's old facade as little more than a jumped-up loan sharking operation had been painstakingly scraped off, leaving instead a glitzy, well-oiled outfit that looks like it has a serious business plan.
To cultivate their informants, particularly James "Whitey" Bulger and Stephen Flemmi, agents in the Boston Organized Crime Squad shielded the gangsters while they continued to run their loan sharking, drug running, and other operations.
 
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