Five Individuals from Cardiff, Tiverton, London, and Leeds Banned for Bounce Back Loan Fraud
BBL Blaggers
Director Banned 10 Years for Inflating Turnover to Secure £50k Loan
A company director faces a decade-long ban after exaggerating his firm’s turnover by over four times to obtain a £50,000 Bounce Back Loan, which went unpaid when the business collapsed. Discover how HSBC is now claiming back the funds through government guarantees. […]
BBL Blaggers
11-Year Directorship Ban for Liquidating Two Companies with Misused Bounce Back Loans
A director faces an 11-year ban after placing two limited companies into creditors’ voluntary liquidation, each with a Bounce Back Loan. Investigations revealed wrongdoing in the handling of the loans, leading to severe penalties for breaching the terms of the COVID-19 support scheme. […]
BBL Blaggers
Director Banned for 6 Years for Overstating Turnover and Partially Misusing Lloyds Bank Bounce Back Loan
A director faces a six-year ban after overstating his business turnover to secure a Lloyds Bank Bounce Back Loan and not using it entirely for the benefit of his business. […]