BBL Abuse Punishment – Bounce Back Loan

Mark Degnan Confiscation Order Hearing for Dual Bounce Back Loan Fraud, Judge Tells Him to Repay the Money or Face a Year in Prison

Mark Degnan, who received a two-year suspended sentence in January for fraudulently obtaining two Bounce Back Loans, appeared at Leeds Crown Court for a confiscation hearing. He was ordered to repay the full amount within six months, or he faces a year in prison if he fails to comply. […]

Raja Imtiaz of Blackburn Jailed for Over Two Years and Banned for Blagging Two Bounce Back Loans

Raja Imtiaz from London Road, Blackburn, has been sentenced to two years and two months in prison and a 6.5-year director ban for fraudulently obtaining two Bounce Back Loans for his company. His actions highlight the crackdown on BBL fraud. […]

Yorkshire Scaffolder Mark Degnan Faces Jail After £100k Bounce Back Loan Scam: Repay in Full Within Six Months or Serve a Year Inside

56-year-old Pontefract scaffolding boss Mark Degnan, who dodged prison in January for fraudulently grabbing £100k in Bounce Back Loans, was ordered at Leeds Crown Court on Sept 15 to repay the full amount in six months or face 12 months behind bars […]

World Sprint Champion Rick Beardsell Receives Suspended Sentence for Bounce Back Loan Fraud

Rick Beardsell, a world sprint champion and Dragons’ Den entrepreneur, was sentenced to 18 months in prison, suspended for two years, for fraudulently securing two £50,000 Bounce Back Loans for Sports Creative Limited. He misused the funds to purchase a £1.3 million home, exaggerating his company’s turnover. Beardsell repaid the loans in full before sentencing. […]

Zahid Afzal Receives Suspended Sentence and Community Service for Fraudulently Securing Extra Bounce Back Loans

Zahid Afzal, a businessman operating Phone Bits Ltd and Phones Onn Ltd, has been handed a two-year suspended prison sentence and ordered to complete 300 hours of unpaid work. The penalty comes after he was found guilty of fraudulently obtaining three additional Bounce Back Loans for his companies, exploiting the government scheme designed to support businesses during the pandemic. […]

Shohid Ahmed Jailed for Two Years Over Fraudulent Bounce Back Loans, After Attempting to Shift Blame to Wife and Tenant

Shohid Ahmed, a 40-year-old businessman, has been sentenced to two years in prison for fraudulently obtaining Bounce Back Loans from Santander and Starling Bank. Ahmed deceitfully secured funds meant to support businesses during the COVID-19 pandemic, later attempting to deflect responsibility onto his wife and tenant.
[…]

Insolvency Service Persists in Robust Campaign to Address Bounce Back Loan and Other COVID Loan Misconduct

The Insolvency Service ramps up its aggressive campaign to tackle Bounce Back Loan and other COVID loan misconduct, targeting fraudulent borrowers. […]

Why Are More Directors Being Banned or Jailed for Bounce Back Loan Fraud? Understand the Risks

Explore the surge in directors imprisoned for Bounce Back Loan fraud, detailing when, why, and how you could face jail for scheme abuses. […]

Detailed Guide to Bankruptcy and Debt Relief Restrictions for Sole Traders and Individuals, Including Bounce Back Loan Scheme Abuses

Learn about bankruptcy and debt relief restrictions for sole traders, with a focus on penalties for BBL misuse. Our guide has you covered. […]

The Consequences of Director Disqualification Under the 1986 CDDA or Accepted Disqualification Undertakings for BBL Wrongdoing

Facing a director disqualification? Our guide details the impacts under the 1986 CDDA and accepted undertakings, crucial for navigating penalties. […]