Banks Demand Bounce Back Loan Recipients Verify Turnover, May Share Application Data with HMRC for Validation
Special Reports
Royal Bank of Scotland Customer Claims His Company Was Mis-sold a Bounce Back Loan After Bank Stated on Zoom It Would Benefit His Business, Despite No Need for the Loan, Leaving It Unused and Burdened with Debt – Ombudsman Rejects the Complaint
An RBS customer alleges a mis-sold Bounce Back Loan after a Zoom pitch, but the Ombudsman dismisses the claim, leaving him with unused debt. […]
Special Reports
Immigration Raids on 275 Sites Declared Successful, Issuing 135 Notices Likely to Reveal Numerous Fraudulent Bounce Back Loans as Business Owners Face Fines and Opt for Insolvency or Bankruptcy – Further Raids Planned
Immigration raids on 275 sites uncover potential Bounce Back Loan fraud, with 135 notices issued and more raids planned as owners face fines and insolvency. […]
BBL Blaggers
12-Year Ban for Owner Who Snagged Two £50k BBLs for One Company
A business owner’s scheme to secure £50k Bounce Back Loans from both Barclays and NatWest for one company led to a 12-year ban. Where did the money go? Only he knows. […]