NCJ Number
26561
Journal
Police Chief Volume: 62 Issue: 2 Dated: (FEBRUARY 1975) Pages: 59
Date Published
1975
Length
1 page
Annotation
LOAN SHARKING IS A VERY PROFITIBLE FORM OF ORGANIZED CRIME ACTIVITY AND SHOULD NOT BE DISMISSED BY LAW ENFORCEMENT AGENCIES AS AN UNIMPORTANT, ALBEIT CRIMINAL, ACTIVITY.
Abstract
IF AN INITIAL PREMIUM OF 100 DOLLARS IS COMPOUNDED WEEKLY AT 20 PERCENT INTEREST PER WEEK, BY THE END OF A YEAR, THE SUM WILL HAVE GROWN TO 1.3 MILLION DOLLARS.