BBL Fraud

BBL Fraud

Subscriber Special – Final Stage of the “BBL Fraud Analysis Pilot Scheme” Due to Be Completed By November 2025 That Has Been Secretly Tracking Business Owners For 3 Years That Blagged a BBL By Over-Egging Their Turnover or Weren’t Even Trading – Indicators Are Some 537,913 Business Owners Could Have Blagged a BBL

February 28, 2024

Here is an update on the not so “secret” pilot that has been in progress behind the scenes, that has been tracking businesses for years that got a Bounce Back Loan using data from BBL Lenders and matching it with HMRC data. This pilot is due to be completed by the end of November 2025. […]

BBL Fraud

The “Covid-19 Loan Schemes Fraud Analytics Programme” Detects £99,476,014 By Using Government Data to Identify Fraud in the Bounce Back Loan Scheme and Companies with £40,509,531 in BBLs Have Been Blocked From Being Removed from the Companies Register

November 13, 2023

Here is a news update from the Public Sector Fraud Authority, who are giddy with excitement that their new counter fraud team saves taxpayers £311 million in first twelve months, beating target by more than £100 million. […]