Prison Sentence

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 […]

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.
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Rico Iheagwara, Director of SJR Recruitment Limited, Receives Suspended Sentence and Community Service for Fraudulent BBLs

Rico Iheagwara, director of SJR Recruitment Limited, has been sentenced to 18 months in prison, suspended for 18 months, and ordered to complete 120 hours of unpaid work after fraudulently obtaining two Bounce Back Loans from Starling Bank and NatWest for his company. […]

Florin-Petrica Bodale Receives a 13-Month Suspended Sentence for Fraudulently Securing £50,000 BBL

The Insolvency Service’s crackdown on Bounce Back Loan fraud has banned directors for diverting funds to personal accounts. […]

Mehmet Akyuz Given 20-Month Suspended Sentence for Fraudulently Obtaining Three £50,000 Bounce Back Loans from Barclays

Using Bounce Back Loans to pay unverified creditors has resulted in directors facing disqualification and legal action. […]

Charles Ling from Romford Receives 15-Month Suspended Sentence for Fraudulently Securing a Second Bounce Back Loan from Lloyds After a Barclays Loan

Bounce Back Loan fraud, including fake documentation, has resulted in directors being barred from corporate management. […]

Deputy Insolvency and Companies Court Judge Parfitt Bans Director for 8 Years Over £25,000 Bounce Back Loan Fraud but Rejects Government’s Compensation Order

Judge Parfitt imposes an 8-year director ban for £25,000 Bounce Back Loan fraud but denies the government’s push for a compensation order. […]