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Loan Shark |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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And indeed, the Gambino and Bonano crime families were built on murder, loansharking, theft and violence - and their publics knew it. A man identified in a 1990 Pennsylvania Crime Commission report as "the principal Black racketeer in Chester," dealing in drugs and loansharking, was recently appointed as building supervisor in the Parks and Recreation Department. It took a pittance of FBI cash and the opening of a bar in Florida, which the crew hoped to use for gambling and loansharking, to trap supposedly suspicious Mafia leaders. |
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