-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Loanshark & Runners run wild in Sinkieland!
- Thread starter PhuaCheeBye
- Start date
- Joined
- Oct 23, 2013
- Messages
- 26,183
- Points
- 113
- Joined
- Jul 11, 2013
- Messages
- 837
- Points
- 28
Man, 66, arrested for distributing loanshark namecards
Friday, December 20, 2013 - 22:46
AsiaOne
SINGAPORE - Police have arrested a 66-year-old man for allegedly helping loansharks with the distribution of name cards after he failed to service his loans.
Police saw the suspect distributing name cards offering loans believed to be from loansharks at Hougang Avenue 10 on December 19.
Under the Moneylenders Act, first-time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender may be fined between $30,000 and $300,000. They can also be imprisoned for up to 4 years and may also be given up to 6 strokes of the cane.
Friday, December 20, 2013 - 22:46
AsiaOne
SINGAPORE - Police have arrested a 66-year-old man for allegedly helping loansharks with the distribution of name cards after he failed to service his loans.
Police saw the suspect distributing name cards offering loans believed to be from loansharks at Hougang Avenue 10 on December 19.
Under the Moneylenders Act, first-time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender may be fined between $30,000 and $300,000. They can also be imprisoned for up to 4 years and may also be given up to 6 strokes of the cane.
- Joined
- Jun 21, 2010
- Messages
- 34,324
- Points
- 113
What is wrong with pap's poodles?
Rounding up the bad debtors for ah longs....
These debtors turned 'runners' are the lowest of the lowest level in the hierarchy.
This machiam police cannot catch bank robbers so anyhow arrest a small boy who picked up part of the loot dropped by the robbers during getaway.
- Joined
- Jul 11, 2013
- Messages
- 837
- Points
- 28
- Joined
- Jun 21, 2010
- Messages
- 34,324
- Points
- 113
- Joined
- Jul 11, 2013
- Messages
- 837
- Points
- 28
USELESS SPF! Even MORE USELESS PAP!
More than 1 fucking Decade with more than 100,000 cases of Harassment in the last 10 years!
VOTE PAP OUT!
- Joined
- Jul 11, 2013
- Messages
- 837
- Points
- 28
Man arrested for involvement in loansharking activities
AsiaOne
Sunday, Dec 22, 2013
SINGAPORE - A 42-year-old man was arrested in Aljunied Crescent yesterday for suspected involvement in loansharking activities.
According to a media statement from the police, upon his arrest, several ATM cards were found in his possession. He is believed to have assisted loansharks to obtain the ATM cards from other debtors and perform fund transfers via Automated Teller Machines (ATM).
Investigations against the suspect are on-going for assisting in the carrying on of the business of an unlicensed moneylender.
Under the Moneylenders Act (Revised Edition 2010), first-time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender may be fined not less than $30,000 and not more than $300,000, be imprisoned for a term not exceeding 4 years and shall also be liable for caning with not more than 6 strokes.
[email protected]
FYI.... licensed and unlicensed money lenders are using SINGPASS to verify a person's address, income, etc....
something is wrong with this.....
SINGPASS is being used to facilitate this biz
- Joined
- Jul 11, 2013
- Messages
- 837
- Points
- 28
Don’t ever agree to be a guarantor
Wednesday, December 25, 2013 - 06:00
Judith Tan
The New Paper
SINGAPORE - She had just harassed a loanshark debtor who was also her friend.
She thought she had done so discreetly, but soon after, she received an SMS from the friend.
It read: "I know it was you who padlocked my gate. Just wait for the police to call."
Jail time followed and now that she is out, she is trying to warn others about the pitfalls of being a loanshark runner.
Mandy (not her real name) is a 62-year-old housewife who stood as guarantor for her friends with the loan shark.
When one could not settle his debts, she became a runner for the Ah Long.
Mandy said she was jailed for two years last May and she wants her story to be a warning to others.
Her problems started in 2009, when she was the guarantor for five friends who borrowed $1,000 each from the loan shark.
"They were required to pay an interest of $400 for each $1,000 and this is cumulative should they not repay in time, and they didn't," Mandy said.
The Ah Long waited a year before he did anything and instead of going after the debtors, he went after Mandy.
She was given the choice of going after her friends for payment, or working as a runner to offset the loan or they would go after her son, she said.
Mandy, who is married with grown-up children, took a month to think it over before agreeing to work as a runner.
Operating in Clementi, Tampines, Bedok and Toa Payoh, Mandy would write "O$P$" - which is short for "owe money, pay money" - on the walls outside the debtors' flats and at the lift landings.
She also padlocked their gates with bicycle chains and locks.
She started as a runner in December 2011, keeping her twice-a-week activity low key and from her family. She said the loan shark provided the chains, padlocks and markers and also sent another runner to photograph her in action.
They would often drive to locations in a rental car, also provided by the loan shark.
Mandy said she was highly stressed during those periods.
She said: "I often worry that there might be elderly in the flat I had just padlocked. What if they needed medical attention and could not get out?
"Or worse, what if there was a fire in the home and the gate was padlocked by me?"
A month and a half later, she was arrested. It was after she had padlocked one of her friend's flats and he knew she was the culprit.
CUFFED
"An officer called me on my mobile and said he was the loan shark and that he wanted to pay me for work well done. I knew then that the game was up. I was doing it to offset the debts so why would I get paid?" she said.
Despite her suspicion, she went to the meeting place anyway and was arrested. "They put the cuffs on me even before I got off my motorcycle or turned off the engine," she said.
She said her husband was livid when he found out, but he posted her bail anyway.
She said she cooperated, which resulted in the arrest of the loan shark and 18 of his runners. Mandy was released after 16 months in jail.
She said: "Jail was no place to be. I was so stressed that I lost 10kg (while) in jail. Luckily, I had the library and exercise sessions to look forward to."
She added: "Whether it's for a friend or even a loved one, don't ever agree to be a guarantor. You will merely be inviting trouble into your own life."
Thanks for calling. Have a story to share? call 1800-733-4455 sms/mms 9477-8899 email [email protected]
Loanshark harassment cases down
Loanshark activities saw a steady decline between 2010 and 2012, dropping by about 30 per cent year on year.
The number of unlicensed moneylending harassment cases fell 32 per cent to 11,776 in 2011, from 15,525 the year before.
They fell again by about 31 per cent to 8,988 last year.
The police said it has zero tolerance towards loanshark harassment and those who deliberately vandalise properties will be arrested swiftly and dealt with severely.
Under the Moneylenders Act, first-time offenders found guilty of loanshark harassment can be jailed for up to five years, fined between $5,000 and $50,000 and given at least three strokes of the cane.
[email protected]
Wednesday, December 25, 2013 - 06:00
Judith Tan
The New Paper
SINGAPORE - She had just harassed a loanshark debtor who was also her friend.
She thought she had done so discreetly, but soon after, she received an SMS from the friend.
It read: "I know it was you who padlocked my gate. Just wait for the police to call."
Jail time followed and now that she is out, she is trying to warn others about the pitfalls of being a loanshark runner.
Mandy (not her real name) is a 62-year-old housewife who stood as guarantor for her friends with the loan shark.
When one could not settle his debts, she became a runner for the Ah Long.
Mandy said she was jailed for two years last May and she wants her story to be a warning to others.
Her problems started in 2009, when she was the guarantor for five friends who borrowed $1,000 each from the loan shark.
"They were required to pay an interest of $400 for each $1,000 and this is cumulative should they not repay in time, and they didn't," Mandy said.
The Ah Long waited a year before he did anything and instead of going after the debtors, he went after Mandy.
She was given the choice of going after her friends for payment, or working as a runner to offset the loan or they would go after her son, she said.
Mandy, who is married with grown-up children, took a month to think it over before agreeing to work as a runner.
Operating in Clementi, Tampines, Bedok and Toa Payoh, Mandy would write "O$P$" - which is short for "owe money, pay money" - on the walls outside the debtors' flats and at the lift landings.
She also padlocked their gates with bicycle chains and locks.
She started as a runner in December 2011, keeping her twice-a-week activity low key and from her family. She said the loan shark provided the chains, padlocks and markers and also sent another runner to photograph her in action.
They would often drive to locations in a rental car, also provided by the loan shark.
Mandy said she was highly stressed during those periods.
She said: "I often worry that there might be elderly in the flat I had just padlocked. What if they needed medical attention and could not get out?
"Or worse, what if there was a fire in the home and the gate was padlocked by me?"
A month and a half later, she was arrested. It was after she had padlocked one of her friend's flats and he knew she was the culprit.
CUFFED
"An officer called me on my mobile and said he was the loan shark and that he wanted to pay me for work well done. I knew then that the game was up. I was doing it to offset the debts so why would I get paid?" she said.
Despite her suspicion, she went to the meeting place anyway and was arrested. "They put the cuffs on me even before I got off my motorcycle or turned off the engine," she said.
She said her husband was livid when he found out, but he posted her bail anyway.
She said she cooperated, which resulted in the arrest of the loan shark and 18 of his runners. Mandy was released after 16 months in jail.
She said: "Jail was no place to be. I was so stressed that I lost 10kg (while) in jail. Luckily, I had the library and exercise sessions to look forward to."
She added: "Whether it's for a friend or even a loved one, don't ever agree to be a guarantor. You will merely be inviting trouble into your own life."
Thanks for calling. Have a story to share? call 1800-733-4455 sms/mms 9477-8899 email [email protected]
Loanshark harassment cases down
Loanshark activities saw a steady decline between 2010 and 2012, dropping by about 30 per cent year on year.
The number of unlicensed moneylending harassment cases fell 32 per cent to 11,776 in 2011, from 15,525 the year before.
They fell again by about 31 per cent to 8,988 last year.
The police said it has zero tolerance towards loanshark harassment and those who deliberately vandalise properties will be arrested swiftly and dealt with severely.
Under the Moneylenders Act, first-time offenders found guilty of loanshark harassment can be jailed for up to five years, fined between $5,000 and $50,000 and given at least three strokes of the cane.
[email protected]
- Joined
- Jul 11, 2013
- Messages
- 837
- Points
- 28
USLESS SPF! ALL LS and Harassment Runners very active just before CNY!
Fucking useless Poddles catch no one!
VOTE OUT PAP!!!!
Fucking useless Poddles catch no one!
VOTE OUT PAP!!!!
- Joined
- Oct 23, 2013
- Messages
- 26,183
- Points
- 113
I think the police chief in charge of loanshark control have to BE SACKED.
Drawing high salary and can arrest any big fishes.... really waste of tax payers money feeding these Police chief!
- Joined
- Sep 15, 2011
- Messages
- 9,185
- Points
- 83
Bro all these while they dont put in efforts to catch big fish something fishy right?
Wanted man in other countries can catch,Hackers can catch but ah long....very hard to catch
- Joined
- Oct 23, 2013
- Messages
- 26,183
- Points
- 113
Bro all these while they dont put in efforts to catch big fish something fishy right?
Wanted man in other countries can catch,Hackers can catch but ah long....very hard to catch
You mean these are "businessmen" backing PAP, so PAP dun want to catch them?
- Joined
- Sep 15, 2011
- Messages
- 9,185
- Points
- 83
You mean these are "businessmen" backing PAP, so PAP dun want to catch them?
Bro there could be more things behine we wont know
- Joined
- Oct 23, 2013
- Messages
- 26,183
- Points
- 113
Bro there could be more things behine we wont know
Whatever it is ... PAP must be behind these big fishes lah...or else why no arrest?
Similar threads
