HSBC – Page 3 – Bounce Back Loan

Lucian Matei, Director of L M Mechanical Ltd, Faces 10-Year Ban for Overstating Turnover to Obtain Bounce Back Loan

Directors who exaggerated business needs to secure Bounce Back Loans face bans for scheme exploitation. […]

Marjorie Nalutaaya Deborah Griffith, Director of Swanky Portraits Limited, Receives 10-Year Ban for Inflating Turnover by Over 21 Times to Obtain £50,000 HSBC Bounce Back Loan

Directors who exploited scheme loopholes by claiming for multiple entities face Insolvency Service bans. […]

Ali Abdullah, Director of A&A Builders (LDN) Limited, Handed 10-Year Ban for Falsifying Turnover to Secure £50,000 HSBC Bounce Back Loan

The Insolvency Service has pursued directors for Bounce Back Loan misuse, banning non-compliant individuals. […]

HSBC Ordered to Remove Unjust “Misuse of Facility” CIFAS Fraud Marker on Bounce Back Loan Recipient, Ombudsman Upholds Complaint

HSBC wrongly applied a “misuse of facility” CIFAS fraud marker to a Bounce Back Loan recipient, accused of manipulative behaviour. The Ombudsman upheld the complaint, ordering HSBC to remove the marker. […]

Brendan Mitchell Spring and Daniel Beckett, Co-Directors of D&B Groundwork & Civils Ltd, Each Handed 10-Year Ban for Fraudulently Obtaining £50,000 HSBC Bounce Back Loan for Non-Trading Company

The Insolvency Service’s crackdown has banned directors for diverting Bounce Back Loans to unconnected parties. […]

Arti Deda, Director of Knight Workers Limited, Jailed for 25 Years for Fraudulently Obtaining Two Bounce Back Loans from Starling Bank and HSBC

Directors who used Bounce Back Loans for personal financial recovery face disqualification and fines. […]

Uthman Tijani, Director of Nounion Limited, Receives 9-Year Ban for Inflating Turnover by 168 Times to Secure £50,000 HSBC Bounce Back Loan

Bounce Back Loan fraud involving sham agreements has resulted in directors being barred from roles. […]

Noel Norbert Walker, Director of Curtis Wayne Urban Homes Limited, Starts 10-Year Ban for Claiming £1,250,000 Turnover to Secure £50,000 HSBC Bounce Back Loan When Actual Turnover Was £0

Bounce Back Loan misuse, like funding personal debts, has led to directors facing bans. […]

HSBC Ordered to Compensate Customer for Misapplying Bounce Back Loan Rules on Erroneous Insurance Payment, Ombudsman Upholds Complaint

HSBC incorrectly demanded a customer return an erroneous insurance payment to their Bounce Back Loan account, misinterpreting scheme rules. The Ombudsman upheld the complaint, ordering compensation for the bank’s error. […]