December 2023 - Page 10 of 23 - Mr Bounce Back - Bounce Back Loan News - Updates

Subscriber Special – The FCA Have Been in Touch and Have Let Me Know What The Situation Is For a Borrower, When It Is Discovered the British Business Bank Has Yanked the Guarantee On Their Bounce Back Loan, Due to The Lender Making Errors or Other Lender Skulduggery

December 18, 2023

I recently decided to badger the Financial Conduct Authority about the following situation […]

Insolvency Service Celebrating As Another Couple Of Bounce Back Loan Blaggers Are Sentenced at Liverpool Crown Court To Jail (But Having the Sentences Suspended) for Abusing The Bounce Back Loan Scheme then Dissolving their Company

December 18, 2023

A couple were sentenced at Liverpool Crown Court on […]

Director of a Mobile Phone Shop Blags a BBL by Over-Egging His Turnover and Applies for Strike Off Resulting in a 10 Year Ban – The Type of Wrongdoing That Often Then Leads to a Personal Compensation Order or a Jail Sentence

December 18, 2023

Here is another case of a Director not only blagging a Bounce Back Loan but then committing the much more serious offence of breaching Section 1006 of the Companies Act 2006. That action often leads to recovery of funds and often a personal compensation order or even a jail sentence, I will let you know if the Insovlency Service decides to take him to court. […]

Having Not Supplied Any Evidence of How He Arrived at His Estimated Turnover to Get a £50k Starling Bank BBL and For Then Transferring the Funds to a Connected Company, a Director is Today Starting a 10 Year Ban

December 18, 2023

Here are the finer details of what led to the 10 year ban for the Company Director named. […]

Finance Company Owed Money By a Furniture Firm Gets a High Court Winding Up Order Against That Company, It is Then Discovered the Director of the Furniture Firm Blagged Three BBLs and is Today Starting a 12 Year Ban for That Wrongdoing

December 18, 2023

As this case will show, it is not just Barclays that are winding up Companies in the High Court, a Finance Company owed money did just that which as you will see, led to the uncovering of three Bounce Back Loans being applied for and given to the Company named. The Director of that Company is today starting a 12 year ban. […]