Defendant acquitted of illegal money lending

Daniel acted for the defendant in a Trading Standards prosecution investigated by the National Illegal Money Lending Team.

The prosecution case was that the defendant had over many years operated a money lending business turning over hundreds of thousands of pounds. Offences were charged under the Financial Services and Markets Act 2000 and the Proceeds of Crime Act 2002. The defence case was that the loans were made to friends and not in the course of a business.

The defendant was acquitted of all charges after a 10 day trial at Reading Crown Court.

Daniel Chadwick was instructed by Heulwen Everton of Hennessy & Hammudi Solicitors.