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Penyrheol man in court over illegal money lending and money laundering charges

News | | Published: 10:58, Thursday September 21st, 2017.

Robert Sparey, 54, is accused of being a loan shark
Robert Sparey, 54, is accused of being a loan shark

A Penyrheol man has appeared before magistrates accused of being a loan shark.

Robert Gareth Sparey, 54, of Y Cilgant, Penyrheol, is facing six charges including illegal money lending, money laundering, breaches of the Trade Marks Act 1994 and perverting and attempting to pervert the course of justice.

Sparey appeared at Newport Magistrates’ Court on Tuesday, September 19, and did not enter a formal plea.

The alleged illegal lending offences happened over a 20-year period and took place on the Lansbury Park estate.

District Judge Martin Brown explained to Sparey that due to the nature of the charges “these matters could only be heard by the Crown Court”.

Sparey was released on bail and is due to appear at Newport Crown Court on October 17 for a plea hearing.

3 thoughts on “Penyrheol man in court over illegal money lending and money laundering charges”

  1. John Coffi says:
    Friday, September 22, 2017 at 13:38

    Needs locking up -preying on the weak and vulnerable in his community,utterly despicable.

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    1. Kal-El says:
      Friday, September 22, 2017 at 17:20

      He dont do that people have gone to him cause hes got a nice heart and will help anyone out so dont judge a book by its cover iv grown up with him hes a really really brilliant guy so if you want to S**g him off know him before you do IDIOT

      Log in to Reply
  2. John Coffi says:
    Friday, September 22, 2017 at 17:38

    Really !
    Then its the people who turn to him who are idiots.
    What he’s done is criminal – thats why he’s gone to court !

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