10-Year Ban for Director Misstating Turnover to Get £50k Barclays Loan
BBL Blaggers
Ciprian Prodan Banned for 10 Years After Inflating Turnover for HSBC Bounce Back Loan
Ciprian Constantin Prodan, director of Sash-Design Limited, received a 10-year directorship ban for overstating his company’s turnover to secure a £50,000 HSBC Bounce Back Loan. Having relocated to Romania, Prodan’s actions were deemed fraudulent by the Insolvency Service, highlighting misuse of the government-backed loan scheme. […]
BBL Blaggers
Ntomfuthi Princess Folorunsho, Director of NP Bespoke Ltd, Starts 9-Year Ban for Inflating Turnover by Over 6 Times to Secure £50,000 Barclays Bounce Back Loan
The Insolvency Service’s efforts have banned directors for channelling Bounce Back Loans to unrelated parties. […]
BBL Blaggers
Sheffield Man Sentenced for Misusing Bounce Back Loan on BMW
James Todd of Sheffield received an 18-month suspended sentence for using a £50,000 Bounce Back Loan, obtained for a fake business, to buy a BMW. […]