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A loan shark is a person who offers loans at extremely high or illegal interest rates, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. [1] As a consistent or repeated illegal ...
goomar or goomah: Americanized form of comare, a Mafia mistress. goombah: an associate, especially a senior member of a criminal gang. heavy: packed, carrying a weapon. hit: to murder; also see whack. initiation or induction: becoming a made man. juice: the interest paid to a loan shark for the loan; also see vig.
Vigorish. Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or the vig) is the fee charged by a bookmaker for accepting a gambler's wager. In American English, it can also refer to the interest owed a loanshark in consideration for credit. The term came to English usage via Yiddish slang (Yiddish ...
New York sues loan shark group accused of charging Manhattan’s City Bakery and other small businesses ‘illegal’ rates of up to 820%. María Soledad Davila Calero. March 5, 2024 at 4:06 PM.
Conspiracy. Criminal penalty. 3-5 years in prison. Samuel " Mad Sam " DeStefano (September 13, 1909 − April 14, 1973) was an American mobster who was associated with the Chicago Outfit. He was one of the organization's most notorious loan sharks and sociopathic killers. Chicago -based Federal Bureau of Investigation (FBI) agents, such as ...
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Usury. Of Usury, from Brant's Stultifera Navis (Ship of Fools), 1494; woodcut attributed to Albrecht Dürer. Usury (/ ˈjuːʒəri /) [1][2] is the practice of making loans that are seen as unfairly enriching the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an ...
Get Shorty. (film) Get Shorty is a 1995 American gangster comedy film directed by Barry Sonnenfeld and written by Scott Frank, based on Elmore Leonard 's novel of the same name. [4] The film stars John Travolta, Gene Hackman, Rene Russo, Delroy Lindo, James Gandolfini, Dennis Farina, and Danny DeVito. It follows Chili Palmer (Travolta), a Miami ...