Action Against Companies Fraudulently Claiming COVID Support

The Insolvency Service has taken firm action against two companies that fraudulently applied for thousands of pounds worth of COVID support loans, and the businesses have now been shut down.  The two separate companies submitted false documents to at least 41 local authorities and the Government’s Bounce Back Loan scheme to secure £230,000 worth of […]

Proceeds of Crime Act In Practice

There is sometimes a perception that HMRC don’t use all of the tools available to them, so we thought it worth drawing your attention to a case where the Proceeds of Crime Act has been brought to bear on a jailed fraudster. A financial investigation was launched after Stanley Miller, 60, was sentenced to eight […]

Insolvency Service Action Against COVID-19 Fraud

The Insolvency Service has taken decisive action against businesses that were found to have abused COVID-19 financial support.  A company director was disqualified for 12 years and five other companies wound-up in the public interest after fraudulently claiming COVID-19 business support. Raashid Khan fraudulently claimed £50,000 through the Bounce Back Loan Scheme (BBLS) before transferring […]