A loan shark who preyed on vulnerable people is due to be sentenced on Wednesday 9th November at Cardiff Crown Court. He was convicted last month of 6 counts of illegal money lending.
Robert Welch 57, from Cardiff, pleaded guilty to all of the charges brought against him. Councillor Judith Woodman, Cardiff Council Executive Member for Communities, Housing and Social Justice said: “People in Cardiff and throughout Wales, who have engaged with a Loan shark, need to be aware that the Wales Illegal Money Lending Unit is demonstrating success in tackling loan -sharks and helping victims.
“The Wales Illegal Money Lending Unit is working in partnership with other agencies and local authorities throughout Wales to bring an end to the exploitation of some of our most vulnerable members of society.” Steven Hay, Operational Manager of Wales Illegal Money Lending Unit said: ‘Robert Welch used threats frighten his victims. His actions were despicable and caused great distress to his victims. Loan sharks prey on the vulnerable in our communities, if anyone needs help or knows anyone who is involved with a loan shark should contact the Wales Illegal Money Lending Unit on our confidential 24 hour hotline: 0300 123 3311’
