Insight Into the Reasons, Timing, and Process of Prosecution for Bounce Back Loan Misconduct, Including Fraud by False Representation and Violations of Section 1006 of the Companies Act 2006
BBL Blaggers
Camden Director Banned for 11 Years for Overstating Turnover and Misusing £50,000 Metro Bank Bounce Back Loan with Transfers to Individuals
A Camden director faces an 11-year ban after claiming a £215,000 turnover, despite submitting dormant accounts, to secure a £50,000 Metro Bank Bounce Back Loan. […]
BBL Blaggers
Four Sole Traders, Including Jacques Saade, Receive Bankruptcy Restrictions Orders for Blagging Bounce Back Loans, Including Two £50,000 Loans
Jacques Saade and three others face Bankruptcy Restrictions Orders for securing Bounce Back Loans, including two £50,000 loans for non-existent businesses. […]
BBL Blaggers
Director Banned for 12 Years for Fraudulent Bounce Back Loan and Company Dissolution
A director faces a 12-year ban for exaggerating turnover to secure a Bounce Back Loan, transferring the funds to himself, and dissolving the company, a practice often leading to criminal charges. […]