The problem of loan shaking in big gambling hubs is ever-present one, especially in Asia. While places like Las Vegas had seen their share of criminal ventures, today the Asian powerhouses seem to have the most pressing issues of this type.
Now, the biggest one of them seems to be preparing a huge crackdown. Law enforcement officials in Macau sent a warning to the operators of loan sharing businesses. They said that an operation against them is imminent and seems to be the biggest one yet. In February 2018, over 70 individuals ended up in jail.
The Macau police arrested all of them on the charges of illegal loans for the gamblers and casino-goers. Now the new action appears to be even more serious and will likely net an even bigger number of individuals. Even though the action is not in full swing, over 20 individuals have exchanged their loan shaking offices for Macau holding cells. The judiciary also seems to be doing its part in unison with the police.
25 individuals are now serving anywhere from a couple of months to over 16 years for the longest sentences. All of them saw charges related to illegal loan sharing as the local news outlets report. In this case, almost all individuals were a part of a criminal venture from 2016 which is not well and truly done for.
Example of a Loan Sharing Operation
The latest arrests and sentences also provide an insight into one loan shaking operation. Apparently, it was headed by a 46-year-old from Hong Kong. As the ringleader, he was the one who got the longest sentence. The prosecutor had 32 counts of illegal activity and the court declare him guilty on all of them.
Among them is also the organized crime accusation, which likely got the most years to his sentence. Macau police and border guards will also stop him from Macau for the next twenty years. The direct subordinates did not fare much better. Most of them will get between 10 and 20 years, like less than the leader, but not by much.
Only a few of the individuals that under arrest walked away with no charges. This means that the entire organization got prison time. This showcases a very centralized organization, likely in the image of the Triad gangs that operate in the region. However, there is no mention of this particular criminal organization. So, most likely, they are self-organized. The number of victims and the amount of illegal funds that passed through the organization is not known.
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