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Monday, 21 November 2011
Videos About The Impact Of LoanSharks
Greed
make a quick buck.
This is a cautionary tale of the consequences of youths getting involved with unlicensed money lenders. Of how one youth yearned after a lifestyle of easy money, borrowed money from loansharks and ended up being a runner for them.
This story aims to create “Second Thoughts” in the viewer’s mind about getting involved in loansharking activities and that crime does not pay. First-time offenders found guilty of assisting in the business of an unlicensed moneylender may be fined up to $200,000 or jailed up to two years, or both.
First-time offenders found guilty of loanshark harassment may be fined up to $40,000 or imprisoned up to three years or both. In addition, offenders will be caned if damage to property or harm to others was caused when committing loanshark harassment.
The Police will continue to work with schools and educational institutions to prevent youths from being lured and recruited by the syndicates. Parents can also help by being aware of their children’s activities and reminding them of the severity of loansharking and loanshark-related harassment offences.
Click on the following link to the video:
About Me
This blog is created to let youths in Singapore be aware of the various loanshark activities and how they can prevent themselves from becoming a victim.It is also for them to not to be involve in the activities over the greed of money or materials.
This blog is created by:
Winston
Matthews
Kiong Huat
Kenneth
Khairul
Sulaiman
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