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Illegal loan shark was claiming social welfare while making €150,000 profit

first_imgEmail Advertisement WhatsApp Twitter Facebook Printcenter_img NewsBreaking newsIllegal loan shark was claiming social welfare while making €150,000 profitBy admin – December 23, 2013 1083 Linkedin by Andrew CareySign up for the weekly Limerick Post newsletter Sign Up [email protected] LOAN shark, who made €150,000 from moneylending and boasted to Gardaí that he never failed to collect a debt, was found to be claiming social welfare.Ray McInerney (38) of Rhebogue Hill, Rhebogue, Limerick pleaded guilty to illegal moneylending on dates between the January 1, 2010 and July 9, 2012.Limerick Circuit Court heard that McInerney, who was unemployed and claiming benefit, had “little difficulty in making threats of a serious nature”.Judge Carroll Moran was told that he loaned one customer €20,000 and demanded that €26,000 be repaid. The loan was repaid after the man took out a €7,000 credit union loan to clear the debt and he thought that would be the end of the matter.However, McInerney threatened the customer’s son with a “barrage of calls and texts” and threatened to kill or seriously harm him on November 5, 2011. He also pleaded guilty to persistently telephoning the victim on 49 occasions over a three week period.State prosecutor John O’Sullivan said the calls were “sinister and disturbing.”Detective Garda Pauraic O’Dwyer of Roxboro Garda Station said McInerney’s motivation for the persistent harassment was to exert control over his borrowers. Over €400,000 passed through his bank account between March 2005 and February 2012 when he was unemployed.During a Garda interview, he said that he never failed to collect on a loan and made about €150,000 in profit.€10,000 was seized from a bank account by the Criminal Assets Bureau and a “tick list” was found in a urinal in an en-suite bathroom at his house.Defence counsel Brian McInerney said that during the course of his lending, Ray McInerney had over 40 satisfied clients. He now wished to apologise and express his “deep regrets” for his actions.Sentencing was adjourned until January 17 to allow the court consider the matter. Previous articleMinister takes on challenge of ending homelessnessNext articleHungarian grandmother admits running Limerick brothel adminlast_img read more


first_imgResults from last night’s greyhound racing at Lifford Stadium were:Race 1 (350 yards): 1, Sugarland Gig 6/4 fav; 2, Over the Line 4/1. Time: 19.65. Distance: 1.25 lengths.Race 2 Buy a Buster 350 (350 yards): 1, Oghill Hack 6/4 fav; 2, Lacey Girl 7/2. Time: 19.25. Distance: 6 lengths. Race 3 The Try a Trio 350 (350 yards): 1, Wilma 3/1; 2, Macsruso 5/1. Time: 19.60. Distance: 1.25 lengths.Race 4 The Booking Office 525 (525 yards): 1, Pretty Jockey 4/1; 2, Original Song 4/1. Time: 29.94. Distance: 1.25 lengths.Race 5 “Like” Us on Facebook 525 (525 yards): 1, Crossleigh Thyme 4/6 fav; 2, Edenvale Maeve 4/1. Time: 29.02. Distance: 7.5 lengths.Race 6 The Lifford €10 Sizzler Deal 350 (350 yards): 1, Ardnasool Rio 9/4 fav; 2, Gobal Club 5/2. Time: 19.45. Distance 4.5 lengths. Race 7 The Upcoming Sweepstakes 525 (525 yards): 1, Paddock Paula 6/1; 2, Fridays Maybe 5/2. Time: 29.12. Distance: 3 lengths.Race 8 The Lifford €15 Special 550 (550 yards): 1, Tahina Kyle 4/5 fav; 2, Meadowview Dove 4/1. Time: 30.22. Distance: a neck.Race 9 The Ultimate Dining Experience (350 yards): 1, Mizen Magic 9/4; 2, Ardnasool Kagawa 3/1. Time: 19.08. Distance: 2.25 lengths.Race 10 A McLeans Bookmakers 525 (525 yards): 1, Ballybun Glen 31; 2, Hather If 4/1. Time: 29.44. Distance: 3.75 lengths.Race 11 www.liffordgreyhounds.com 550 (550 yard): 1, Hather Lock 1/1 fav; 2, Hanoras Dream 4/1. Time: 30.86. Distance: 0.5 length. Race 12 The Getting Out Bumper Stakes (575 yards): 1, Colarhouse Lady 4/1; 2, Castleroggy Rust 5/1. Time: 32.03. Distance: 2.25 lengths.GREYHOUND RACING: LIFFORD RESULTS was last modified: August 3rd, 2014 by johngerardShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:greyhoundLiffordRacingResultslast_img read more