Todays News – Page 103 – Mr Bounce Back – Bounce Back Loan News – Updates

6 Year Disqualification for Director Who Left Liquidators Unsure Whether the Funds Obtained from a £25k BBL Were Used for the Benefit of His Company and Where the Money From a Toyota SG Cruiser Sold in Romania Went

April 28, 2023

This now missing Bounce Back Loan was approved and paid out by Lloyds Bank. […]

Lloyds Bank Claim on the Government Guarantee as Company Director is Given an 11 Year Ban For Over-Egging His Business Turnover to Bag a £50k Bounce Back Loan from them and Not Using it for the Benefit of the Business

April 27, 2023

Here are the finer details that led to the Company Director named being slapped with an 11 year ban for his skulduggery related to a £50k Lloyds Bank Bounce Back Loan. […]

Due to One Bank Not Being Bothered to Check the Shared Industry Database a Company Director Gets Away with Blagging Two BBL’s Leaving Both Unpaid at Liquidation, He Has Just Been Given a 12 Year Ban

April 27, 2023

Despite the Share Industry Database having been in place a few months after the launch of the BBL scheme, which lenders had to check to see if anyone applying for a BBL had already got one, one of the two banks who got blagged out of the BBLs mentioned in this case have previously admitted they never started checking that database […]

The Public Accounts Committee Get Their Underwear in a Twist and Are Fuming That Nothing Much is Being Done About BBL Fraud and Hint that Banks Are Claiming on the Guarantees With “Gay Abandon” (Which They Are of Course)

April 26, 2023

It’s that time of the year when the Public Accounts Committee (Committee of Public Accounts) add their tuppence to the Bounce Back Loan scheme via another of their House of Commons Committee reports, with recommendations […]

Having Blagged a BBL from Barclays by Over-Egging His Business Turnover and then Bagging Another BBL from the Same Bank and Transferring it Immediately to Himself and Leaving Both Unpaid, a Company Director Gets an 11 Year Ban

April 26, 2023

Here is an overview of wwhy the Company Director named got an 11 year ban for Bounce Back Loan related wrongdoing. […]

Company Director Skips off Merrily With a 10 Year Ban After Having Blagged a £50k BBL from Metro Bank and a £50k BBL from Starling Bank for His One Single Company That Never Traded and Had £0 Turnover

April 26, 2023

Both banks in this case will have had their money repaid to them quickly via the Government Guarantee, as both are famed for putting in such claims without delay. […]

20 Month Suspended Prison Sentence and 300 Hours of Unpaid Work for Over-Egging Turnover to Get a £50k BBL, Dissolving His Company and for Trying, But Being Unsuccessful in Blagging a Second BBL

April 25, 2023

Slowly but surely cases like this one are working their way through the court system. I will bring them to you as and when I get alerted to them, as there are many others on the way. […]

Chief Investigator at the Insolvency Service Says She Will Not Hesitate to Prosecute Anyone Who Blagged a BBL and Breached the Companies Act as a Company Director Gets a 26 Week Suspended Prison Sentence and Community Service

April 25, 2023

We head over to North Wales now, for another case of Bounce Back Loan wrongdoing that led to Llandudno Magistrates Court handing out a suspended prison sentence. […]

With a Santander Not Willing to Fund an Investigation as to Where a £25k Bounce Back Loan Went After a Company Director Blagged That BBL a Director Gets Banned for 11 Years But Does Generously Repay £1

April 25, 2023

The aftermath of Rishi’s Bounce Back Loan Scheme continues to cause havoc across the UK, and here is another case that saw a Company Director being punished for his BBL related wrongdoing with an 11 year ban, but he did toss £1 to the Liquidator. […]

Another Company Director Locked Up for 12 Months Almost 3 Years After Over-Egging His Business Turnover to Get a £50k, Transferring the Money to His Personal Bank Account then Getting His Company Dissolved

April 25, 2023

It is almost 3 years since the Company Director in this case blagged a Bounce Back Loan and thought he was clever by […]