Police arrest 74-year old loan shark in town of Grosseto

'Don Raffaele' made victims pay as much as 140% interest

Police arrest 74-year old loan shark in town of Grosseto

(ANSA) û Grosseto, December 13 û A 74-year old loan-shark of Neopolitan origin nicknamed 'Don Raffaele' was arrested in the central Italian town of Grosseto on Thursday for lending money at exceedingly high rates to local businessmen and housewives that were unable to obtain bank financing. He would make his victims pay as much as 140% interest on his loans. A unit of the Grosseto police force, headed by Armando Buccini, followed 'Don Raffaele' and his activities for months.

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