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PUBLISHED: 13:15, Wed, Dec 7, 2016 | UPDATED: 13:48, Wed, Dec 7, 2016 Newcastle Crown Court GOOGLEA loan shark who caused ‘misery’ has walked free from court complaining of ‘stress’ John White, 56 of Haggerston Crescent, Newbiggin Hall, Newcastle, pleaded guilty to two counts of illegal money lending and one count of proceeds of crime and was handed an 18-month suspended prison sentence. A warrant was executed at White's home address on July 14, 2015, where officers seized diaries, notes evidencing loan activity and cash to the sum of £2,300. Related articles * Brazen dad of 21 stole relatives' benefits then loaned cash back... * Loan shark ordered to pay back £90k after ripping off neighbours... Simon Mortimer, prosecuting, told Newcastle Crown Court how White had approximately 50 customers and would charge £40 interest for every £100 they borrowed. Evidence recovered during searches showed loans made totalling over £28,000, with repayments received of over £39,000. Mr Mortimer described to the court how one victim had to sell personal items to meet payments. The victim was paying interest of between £600 and £900 to Mr White per fortnight. It was said the victim got into a spiral of debt and became desperate, depressed and considered suicide. JOHN WHITE NCJMEDIA John White outside Newcastle Crown Court After making an arrangement to monthly payments of £700 with one of White's family members, the victim was texted that the debt was £10,500. It really takes some nerve. I am tempted to say 'tough' Recorder KSH Miller In sentencing White, Recorder KSH Miller said that loan sharks were “unscrupulous” individuals who “seek to live off the vulnerable”. Recorder Miller also dismissed the mitigation from White's defence counsel, who said that he had been “very stressed” during the proceedings. He said: “Something which makes me take a dimmer view is for him to complain about the stress of these proceedings after the appalling way he has behaved, it really takes some nerve. I am tempted to say 'tough'.” John White GETTY White pleaded guilty to two counts of illegal money lending and one count of proceeds of crime White was handed an 18-month sentence for the first two counts and three months for the third count to be served concurrently and suspended for two years. Speaking after the hearing, Nick Kemp, cabinet member for neighbourhoods and regulatory services at Newcastle City Council, said: “Illegal money lenders prey on the most vulnerable people in our society and they have a devastating impact on people's lives. “We fully support the action taken by the Illegal Money Lending Team to bring this case to court and raise awareness of the dangers of loan sharks. “I would encourage anyone who is aware of similar activities in their area to report it to prevent more people becoming victims of these unscrupulous lenders.” Newcastle City Council GETTY Newcastle City Council are encouraging people to report anyone suspected of illegal money lending Mark Steward, executive director of enforcement and market oversight, said: “People who use illegal money lenders or loan sharks are not protected if they find themselves unable to pay. “People or firms who are undertaking money lending without being regulated by the FCA are committing a crime. “We will continue to work with the Illegal Money Lending Teams to ensure individuals that flout the law are investigated and brought to justice.” To report a loan shark, call the 24/7 confidential hotline on 0300 555 2222. 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