Criminal usury is defined as being caught with usurious loans or records of extortionate credit. These allegations are often just a single component of larger cases that allege organize crime activity. If you have been accused, the time to speak with proven criminal defense counsel is now.
At Patituce & Associates, our experienced team of Toledo criminal defense lawyers has more than 30 years of experience, navigated more than 200 trials, and consists of three former prosecutors. We know what is required of the state in these cases in order to secure a conviction and how to best counter these efforts both in and outside the courtroom.
The time to start exploring your defense options is now. Contact our firm today for a free, no-obligation phone consultation.
Criminal usury or the extortionate extension of credit (O.R.C. 2905.22), is the lending money with the understanding that violent retribution may result if the borrower fails the pay the loan back. This often occurs in criminal organizations with the help of a bookkeeper (who can also be charged under this statute). Even if violence is not an implied in the loan agreement, if it has an interest rate of 25% or more, it can still be considered criminal.
Penalties for criminal usury include:
Cases that involve organized crime are often complex and multi-faceted. At Patituce & Associates, we're well-versed in demanding criminal cases and have handled them from both sides of the courtroom. If you've been charged, we're ready to make your rights and interests a priority throughout every stage of your case.
Don't hesitate to start exploring your options. Call our team at (419) 737-4556 today.