Loan shark, 24, who used Snapchat to advertise easy cash and threaten victims is jailed

Invalid EmailSomething went wrong, please try again later.When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice.A loan shark who used Snapchat to promote his illegal money lending business has been jailed for 16 months. Rovin Mavunga, aged 24, of Doncaster, was sentenced at Sheffield Crown Court on Wednesday. The illegal lender paid a Snapchat influencer to advertise his services online and even used social media to threaten his victims when they could not afford to make repayments, a court heard today. Simon Mortimer, prosecuting, said Mavunga offered short-term, high-interest loans to 130 borrowers through Snapchat over a 22-month period in a “organised, sophisticated and profitable illegal business”. Mavunga charged interest rates of just under 100% on loans and pocketed £140,000 in repayments from his debtors. He increased their repayments arbitrarily and added penalty charges with threats of violence for late and missed payments. Have you been a victim of a loan shark? Tell us your story: emma.munbodh@mirror.co.uk In once case, he used Snapchat to threaten to burn a victim’s house down before increasing his payments from £1,000 to £7,000 [stock image] (Image: (Photo credit…
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