Barclays Bounty Hunter Reveals 30% Success Rate in Chasing Bounce Back Loan Fraudsters
BBL Blaggers
Mehmet Aydemir, Director of Lowermill Limited, Receives 6-Year Ban for Misrepresenting Turnover to Secure £50,000 Barclays Bounce Back Loan
Mehmet Aydemir, director of Lowermill Limited, has been banned for six years for overestimating turnover to secure a £50,000 Barclays Bounce Back Loan. The disqualification, starting 24 June 2024, reflects misuse of the government-backed scheme. […]
Special Reports
Ombudsman Clarifies Government Exempted Bounce Back Loans from Consumer Lending Rules, So Requiring Barclays to Provide a Detailed Graph of Monthly Interest Payments Would Be Overly Burdensome
The Ombudsman notes Bounce Back Loans’ exemption from consumer lending rules, deeming Barclays’ detailed interest payment graphs too burdensome to provide. […]
BBL Blaggers
Village Store Owner Banned for 12 Years for Illegally Securing Lloyds and Santander Bounce Back Loans and Other Misconduct
A village store owner faces a 12-year ban for fraudulently obtaining two Bounce Back Loans from Lloyds and Santander, failing to register for VAT, and other misconduct. […]