Fraud: Convictions & sentences – September 2022

Construction company director banned for £50k covid fraud

Directors of construction and coaching companies have been banned from running a business for a total of 11 years after fraudulently claiming £73,000 worth of bounce back loans

The director had also exaggerated the company’s turnover to claim the maximum £50,000.

Director then withdrew more than £50,000 from the company account before the end of 2020 and used the funds for her personal benefit.

Coaching company director banned for £23k covid fraud

Director of coaching company applied for a bounce back loan of £25,000 in May 2020.

Investigators found that, based on the company’s actual turnover, Rahman should only have been eligible for a bounce back loan of £2,000

Seafood supplier banned for £2m tax fraud

Owner has been disqualified as a director for 11 years after he falsely accounted over £2.3m for six years up to 2017

Director misappropriated over £2.3m from company funds, resulting in HMRC losing nearly £1m in tax.

Investigators uncovered that as a result of director’s actions, the business owed £940,000 in unpaid tax at the point of liquidation.

Restaurant bosses banned for £150k covid fraud

Three restaurateurs have been banned from running businesses for a total of 26 years after fraudulently claiming £150,000 worth of bounce back loans

An Insolvency Service investigation discovered that company received the maximum £50,000 bounce back loan having submitted an application that declared a turnover of £225,000.

However, director exaggerated the company’s turnover, which was closer to £24,000. This would have only entitled to a £6,000 loan.

Scaffolder banned for £210k tax fraud

A scaffolder from Berkshire has been disqualified for six years after failing to pay close to £210,000 in tax

Director failed to pay £209,000 worth of business and employee-related tax from the tax year ending 2016/17.

Director claimed that the business had paid tax totalling close to £489,000. However, no payments were identified as having been made to HMRC.

Catering boss banned for £70k bounce back fraud

A West Bromwich-based director has received 11 years of restrictions after abusing £70,000 worth of Covid-19 loans

In 2020, director focused his attention back on his self-employment business. But by March 2022, he could not pay his debts and applied for bankruptcy.

The Official Receiver was appointed as his trustee before discovering director had fraudulently applied for £70,000 worth of loans.

Printing boss banned for £80k bounce back fraud

A Plymouth-based director has been banned for 10 years after falsely claiming £80,000 in bounce back loans

Company placed into liquidation in December 2020, which triggered an investigation by the Insolvency Service.

Restaurant boss banned over unpaid £320k tax bill

Restaurant boss from West Sussex has been disqualified for eight years after failing to pay £320,000 in tax

Company went into liquidation on 11 April 2017, which triggered an investigation by the Insolvency Service.

Investigators discovered that for nearly seven years, between April 2010 and January 2017, director filed inaccurate tax returns.

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