8-Year Ban for London Director’s Dual Bounce Back Loan Scam
BBL Blaggers
Rytis Vaiksnoras, Director of Ava Sante Ltd, Begins 6-Year Ban for Overstating Turnover to Obtain HSBC Bounce Back Loan and Transferring Funds to Himself
Directors who claimed Bounce Back Loans for ineligible firms face disqualification for defrauding taxpayer-funded support. […]
BBL Complaints Upheld
HSBC’s failure to update an error-ridden Bounce Back Loan database hindered a customer’s loan application elsewhere. The Ombudsman upheld the complaint, awarding £400.
It became apparent to many people that the so called BBL database that was set up many weeks after the BBL scheme was launched to add another level of protection to banks against fraudulent and duplicate applications was error riddled. This case somewhat proves that beyond all reasonable doubt. […]
BBL Blaggers
10-Year Ban for Director’s £50k Turnover and Bounce Back Loan Misuse
A director who overestimated turnover to secure a £50,000 HSBC Bounce Back Loan, then used it for personal gain, faces a 10-year ban. Uncover the dual fraud that led to this severe penalty. […]