
10-Year Ban After Creditor Exposes £50k Bounce Back Loan Fraud

By exaggerating turnover to secure a £50,000 Barclays Bounce Back Loan and transferring it to himself, a director left it unpaid, resulting in an 11-year ban. Explore this case. […]
Karol Wychowaniec, director of Bifinor Limited and Lovely Kids Limited, has been hit with an 11-year directorship ban starting this Bank Holiday Monday. The ban follows his failure to account for £50,000 Bounce Back Loans from Metro Bank and Lloyds, secured for each company.
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Two sole traders face 9- and 10-year Bankruptcy Restrictions Orders for Bounce Back Loan violations, including turnover inflation and fund misuse, reflecting serious financial misconduct. […]
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