Pinay in Scarborough pleads guilty in '5-6' loan racket case
A Filipina who has pleaded guilty to illegal lending in Scarbrough, North Yorkshire, in England has received a suspended prison sentence.
A report on Scarborough News said the York Crown Court gave Adelaida Thompson, 65, two eight-month sentences, suspended for two years, and ordered her to do 150 hours of unpaid work.
She was also given a curfew of 7 p.m. to 7 a.m. for three months for illegally receiving over £140,000 in repayments in a "5-6" scheme involving Filipino health professionals in Scarbrough.
The report said Thompson lent more than £113,000 and received more than £142,000 in repayments in 167 transactions to 29 different borrowers "over a period of more than four years."
Simon Mortimer, solicitor for the England Illegal Money Lending Team, said this may only cover a small part of Thompson's transactions with close friends, all of whom were Filipino healthcare workers or nurses at Scarborough Hospital.
Thompson told The Scarborough News that she lent money at a 5-6 rate, a lending scheme using high interest rates popular in the Philippines and India. —Rie Takumi/KBK, GMA News