Metro Bank Seizes Bounce Back Loan for Turnover and Trading Issues, Ombudsman Dismisses Complaint
BBL Blaggers
Liviu Croitoru of L & M Cleaning Masters Ltd Banned for 10 Years for Overstating Turnover and Hiding £50,000 Metro Bank Bounce Back Loan in ISA
Liviu Croitoru, director of L & M Cleaning Masters Ltd, has been disqualified for 10 years after exaggerating his company’s turnover to secure a £50,000 Metro Bank Bounce Back Loan and stashing it in an ISA. […]
BBL Complaints Upheld
HSBC Ordered to Pay £5,200 for Wrongly Accusing Customer of Turnover Fraud, Ombudsman Upholds Complaint
HSBC accused a customer of inflating turnover for a Bounce Back Loan, applying a CIFAS marker despite allowing estimates. The Ombudsman upheld the complaint, ordering £4,800 in legal fees and £400 compensation.
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Special Reports
Barclays’ Attempt to Cross-Default Bounce Back Loan for Guarantee Claim Fails; Ombudsman Orders Reinstatement
Barclays’ shady cross-default of a customer’s Bounce Back Loan to secure a guarantee claim is overturned by the Ombudsman, who demands reinstatement. […]