Nelson Director Banned for 10 Years for Misrepresenting Turnover to Secure £28,000 Barclays Bounce Back Loan
BBL Blaggers
Waltham Forest Director Banned for 5 Years for Falsifying Turnover to Secure £50,000 Lloyds Bank Bounce Back Loan and Misusing Funds
A Waltham Forest director faces a lenient five-year ban after overstating his company’s turnover to obtain a £50,000 Lloyds Bank Bounce Back Loan and transferring most of it to himself. […]
BBL Blaggers
Yusef Jahanbakshi, Park Road Fish Bar Director, Banned for10 Years for Fraudulent £50,000 Lloyds Bank Bounce Back Loan
Yusef Jahanbakshi, director of Park Road Fish Bar Limited, has been banned from acting as a company director for 10 years after admitting to fraudulently obtaining a £50,000 Bounce Back Loan from Lloyds Bank. The loan, secured by misrepresenting the company’s turnover, was part of the UK’s COVID-19 support scheme. Although BBL Bounty Hunters purchased the claim for £1, they later abandoned it, citing the case as too weak to pursue.
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BBL Blaggers
6-Year Ban for Director’s £50k Bounce Back Loan Record Dodge
A director who exploited an “accounting records loophole” to obscure the fate of a £50,000 HSBC Bounce Back Loan faces a 6-year ban. Discover how this tactic led to a lighter penalty despite liquidation losses. […]