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loan sharking

Loan sharks busted for charging over 1,500% annual interest

VnExpress

Four individuals from Hanoi rented several houses in Son Tra and Hai Chau districts of Da Nang to run a loan shark operation, charging an annual interest rate of 1,580%, nearly 80 times the legal limit.

Loan sharks charging up to 644% annual interest arrested

VnExpress

Pham Duy and accomplices charged exorbitant interest rates on loans, far exceeding legal limits.

Fake police logo used in loan shark advertising

VnExpress

Pham Van Danh, 30, printed public security warnings with the police logo on flyers containing QR codes for quick loans with interest rates up to 360% per year.

Loan sharks demand nude videos as collateral

VnExpress

Hoang Ngoc Son, 32, and his accomplices ran a loan sharking operation, forcing borrowers to provide nude photos and videos as collateral.

Gang arrested for charging thousands of borrowers 608% interest

VnExpress

A fraud group required nearly 2,600 people to log into their iCloud accounts on iPhones to borrow money at interest rates of 235% to 608% per year, 11 to 30 times higher than legally allowed.

Smoothie shop owner ran loan sharking operation

VnExpress

Lam Thi Thu Em, 54, used her smoothie shop as a front for a loan sharking operation with interest rates up to 360% per year; most of her customers came to make payments, not buy drinks.