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Tuesday 2 November 2010

Cheshire loan shark forced to pay back sum near £1million > Local News > News | Click Liverpool


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Cheshire loan shark forced to pay back sum near £1million > Local News > News | Click Liverpool: "loan shark imprisoned for threatening his victims with violence when they could not meet their payments has today been ordered to pay back almost £1 million pounds of his ill gotten gains.

Paul Nicholson, 40 years of age and originally from Widnes, was imprisoned in March 2009 for illegal money lending and money laundering. His partner Tracey Rogers, 39 years of age, was found guilty of three like offences and sentenced to three years imprisonment.

Today, at a confiscation hearing held at Warrington Crown Court, Nicholson has been ordered to surrender almost £1 million pounds worth of assets. This includes the capital from his sprawling mansion in Delamere, his luxury villa in Spain, £26,000 cash found at the house, his Porsche sports car, his horses, his quad bikes, and even expensive jewellery will be sold off to pay this amount back to the Court."


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