Why Are More Directors Being Banned or Jailed for Bounce Back Loan Fraud? Understand the Risks
BBL Blaggers
Andrew Drury and Keith Mason, AK Creation Limited Directors, Banned for 10 and 9 Years Respectively for Overstating Turnover to Secure £50,000 HSBC Bounce Back Loan
Directors caught channelling Bounce Back Loans to family members face Insolvency Service bans for misuse of funds. […]
BBL Blaggers
Director Banned for 9 Years for Misrepresenting Turnover to Secure £50,000 Santander Bounce Back Loan
A director has been banned for nine years for exaggerating turnover to secure a £50,000 Santander Bounce Back Loan, which remained unpaid at liquidation. The disqualification highlights misuse of government-backed financial support. […]
BBL Blaggers
Alvaro Odeh Torro, Alterna Limited Director, Banned for 4 Years for Endangering Tenants and Failing to Pay Fines After Securing £100,000 CBILS Loan
Misusing Bounce Back Loans for non-business ventures has led to director bans and increased scrutiny from authorities. […]