Summary

Portrait of William O. Douglas William O. Douglas Perez v. United States — Opinion of the Court

Petitioner is one of the species commonly known as 'loan sharks' which Congress found are in large part under the control of 'organized crime.' [1] 'Extortionate credit transactions' are defined as those characterized by the use or threat of the use of 'violence or other criminal means' in enforcement. [2] There was ample evidence showing petitioner was a 'loan shark' who used the threat of violence as a method of collection. He loaned money to one Miranda, owner of a new butcher shop, making a $1,000 advance to be repaid in installments of $105 per week for 14 weeks.
Source: Wikisource

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