BBL Wrongdoing

This section of the website is looking at all of the major fraud risks that the British Business Bank identified with the Bounce Back Loan scheme. Each individual article also looks at lots of real life cases in which business owners have been found guilty of committing each fraud, and the punishments bestowed upon them for doing so.

Not everyone who is suspected of committing BBL related fraud is prosecuted or punished, and if you need a chat about any type of BBL worries or concerns please contact me via my BBL Helpline.

Multiple Prosecutions Resulting in Prison Sentences Have Spurred the Insolvency Service On To Take To Court Those Who Managed to Get a Voluntary Dissolution or a Compulsory Strike Off Without Repaying Their Bounce Back Loan

September 19, 2023

Whilst allowances can and are sometimes made to anyone who broke a minor rule of the Bounce Back Loan scheme, some people did of course set out to scam the scheme from the start. There […]

The Hunt Continues for Group Companies That Applied for Bounce Back Loans As Different Subsidies Rather Than As a Single Group Entity As The British Business Bank Identified That As a Major BBL Fraud Risk

September 19, 2023

Those applying for a Bounce Back Loan from May the 4th 2020 onwards when the scheme went live, did have to try, and make sense of the rules of the scheme, which in the middle […]

The Government Finally Act on Rogue Insolvency Practitioner Firms to Ensure They Do Not Cheat, Lie, or Scam and Otherwise Fail Company Directors Many Of Whom Have Bounce Back Loans or The Creditors Thereof When Taking the Liquidation Route

September 19, 2023

It has always been a subject that the Government liked to shy away from, however they have finally woken up and smelt the coffee and are now promising action to stop rogue Insolvency Practitioner Firms […]

Sole Traders Who Blagged More Than One BBL Fraudulently and Individuals Who Invented Businesses Face Long Bankruptcy Restrictions Orders at Least When Taking the Bankruptcy Route and Slowly But Surely They Are Being Tracked Down

September 19, 2023

One thing that was certainly a problem for a lot of Sole Traders when they wanted to apply for and get a Bounce Back Loan for their business, was finding a Lender that would allow […]

One Fraud Risk The British Business Bank Were Concerned About That Appears Not To Have Become Rampant During the Bounce Back Loan Scheme Relates to Non UK Companies Applying for and Getting BBLs

September 19, 2023

I hope you are finding my articles giving you an insight into the British Business Banks Top 10 Fraud Risks associated with the Bounce Back Loan Scheme of interest, if not eye opening. You will […]

There Was Of Course Plenty of Third Party Fraud Going On During the Bounce Back Loan Scheme, and Those Who Committed Such a Crime Are Having Their Collars Felt and Are Being Locked Up

September 19, 2023

The speed at which Bounce Back Loan Lenders fired out the cash when that scheme was live for applications was impressive, however that did enable plenty of fraudsters to take advantage of the need for […]

How Company Directors Are Finally Being Chased and Punished for Applying For and Getting a Bounce Back Loan For an Inactive/Dormant Company Which Always Comes to Light at the Liquidation or the Forced Winding Up of a Company

September 18, 2023

I am working through the top 10 fraud risks associated with the Bounce Back Loan scheme as identified by the British Business Bank. The second highest risk to that scheme in their opinion was applications […]

The British Business Bank Did Warn That People Would Use Funds From a BBL For Personal Use, and Now Those Taking the Liquidation Route are Being Found to Have Done So, and Are Being Disqualified and Even Forced to Repay the Loan, Whilst Some Others Are Not

September 18, 2023

That magical ping on your banking app letting you know that your Bounce Back Loan had appeared in your bank account may seem like a distant memory now, but for some people that ping was […]

Company Liquidation With a Bounce Back Loan Owing – Examples of Directors Found to Have Abused the BBL Scheme and Punished for “Turnover Misstatement” As Predicated By The British Business Bank On Their Top 10 Fraud Risks Analysis and Those Facing No Further Action

September 18, 2023

The British Business Bank, having expressed their concern of the fraud risks associated with launching the Bounce Back Loan scheme in their Reservation Notice to Ministers days before the scheme went live, were of course […]

BBL Wrongdoing

Multiple Prosecutions Resulting in Prison Sentences Have Spurred the Insolvency Service On To Take To Court Those Who Managed to Get a Voluntary Dissolution or a Compulsory Strike Off Without Repaying Their Bounce Back Loan

The Hunt Continues for Group Companies That Applied for Bounce Back Loans As Different Subsidies Rather Than As a Single Group Entity As The British Business Bank Identified That As a Major BBL Fraud Risk

The Government Finally Act on Rogue Insolvency Practitioner Firms to Ensure They Do Not Cheat, Lie, or Scam and Otherwise Fail Company Directors Many Of Whom Have Bounce Back Loans or The Creditors Thereof When Taking the Liquidation Route

Sole Traders Who Blagged More Than One BBL Fraudulently and Individuals Who Invented Businesses Face Long Bankruptcy Restrictions Orders at Least When Taking the Bankruptcy Route and Slowly But Surely They Are Being Tracked Down

One Fraud Risk The British Business Bank Were Concerned About That Appears Not To Have Become Rampant During the Bounce Back Loan Scheme Relates to Non UK Companies Applying for and Getting BBLs

There Was Of Course Plenty of Third Party Fraud Going On During the Bounce Back Loan Scheme, and Those Who Committed Such a Crime Are Having Their Collars Felt and Are Being Locked Up

How Company Directors Are Finally Being Chased and Punished for Applying For and Getting a Bounce Back Loan For an Inactive/Dormant Company Which Always Comes to Light at the Liquidation or the Forced Winding Up of a Company

The British Business Bank Did Warn That People Would Use Funds From a BBL For Personal Use, and Now Those Taking the Liquidation Route are Being Found to Have Done So, and Are Being Disqualified and Even Forced to Repay the Loan, Whilst Some Others Are Not

Company Liquidation With a Bounce Back Loan Owing – Examples of Directors Found to Have Abused the BBL Scheme and Punished for “Turnover Misstatement” As Predicated By The British Business Bank On Their Top 10 Fraud Risks Analysis and Those Facing No Further Action

As We Move Into Year 5 of the BBL Scheme Here are the Simple, Logical and Much More Importantly, the Legal Reasons Why Most Bounce Back Loan Debts Are Never Going To Be Enforced – So If You Are in Default, Concentrate on Bouncing Back But Without The BBL Around Your Neck

Subscriber Special – Step By Step Guide to Getting the Maximum Bounce Back Loan Defaulter Discount – You Could, Like 10,000s of Others, Pay Just Pennies in the Pound and Have the Rest Written Off Legally and Legitimately By the Lender with No Further Action