Accountant who took out three Bounce Back Loans given 12-year director ban and must repay £75,000

Boss of a Hertfordshire company which supported ex-offenders falsely claimed an extra £100,000 in Covid support loans. Dion Mailich took out three Bounce Back Loans for his business – despite being only entitled to one. The Borehamwood accountant applied for loans totalling £125,000 – five times the amount his company was entitled to. He is … Continue reading Accountant who took out three Bounce Back Loans given 12-year director ban and must repay £75,000 →

Construction contractor transferred Covid funds to his own bank

A man from east London must repay £10,000 within one week after falsely applying for a Covid Bounce Back Loan. Adam Lennard inflated the turnover of his East London Property Maintenance business to secure the loan He then used the funds for his own personal use He must pay half of the £20,000 back within … Continue reading Construction contractor transferred Covid funds to his own bank →

COVID loan abuser sentenced

Self-employed builder from Hounslow overstated income to claim £50,000 Bounce Back Loan then lost it in scam crypto investment scheme. Lukasz Nowak, 43, a self-employed builder from Hounslow, West London, was sentenced to 20 months imprisonment, suspended for two years, at Lincoln Crown Court on 27th November 2023. He was also ordered to pay £12,000 … Continue reading COVID loan abuser sentenced →

Action taken against directors for COVID-19 financial abuse

459 directors disqualified in 2022-23 for abuse of the pandemic financial support schemes, with average disqualification length of seven years four months. Over 450 directors have been disqualified by the Insolvency Service in 2022-23 for abusing the COVID-19 financial support scheme, as the agency continues to clamp down on pandemic fraudsters. Figures published by the … Continue reading Action taken against directors for COVID-19 financial abuse →