Bounce Back Loan Fraud

Our team of criminal defence lawyers are experts at handling criminal investigations where businesses and individuals have been accused of Bounce Back Loan fraud.

Whether mistakes were made deliberately or in error, our criminal defence lawyers can help with bounce back loan fraud allegations when a business or individual has been accused of the following:

Exaggeration of legitimate claims
Impersonation of legitimate businesses or individuals
Fraudulently adopting a company established before 1 March 2020 scheme cut off
Use of ‘money mules’ to take out loans, who then immediately file for bankruptcy
Making multiple applications across a number of different lenders

We understand that being the subject of a criminal investigation during these unprecedented times can cause tremendous strain. Our criminal defence solicitors are committed to minimising the impact of any investigation whilst protecting the privacy of our clients.

Frequently asked questions

What is Bounce Back Loan fraud?

The Cabinet Office has identified two types of fraud but has not specified which will be prosecuted.

‘Soft’ fraud – described by the Public Accounts Committee (PAC) as borrowers who exaggerate ‘otherwise legitimate claims, such as overstating turnover in order to receive a larger loan’.
‘Hard’ fraud – the deliberate deceit of the scheme by criminal organisations or others, on a much larger scale.

What are the penalties for Bounce Back Loan fraud?

If court proceedings arise, these may take between 6 and 12 months to be heard in the Crown Court. The above offences attract a range of sentences and orders including:

Fines
Imprisonment
Compensation and confiscation orders
Director’s disqualification
Serious Crime Prevent Orders (SCPO)

In certain circumstances, civil recovery orders, civil settlements or civil penalties may also be sought.

Key Services

Fraud and White Collar Crime

Serious Fraud Office

Money Laundering

Bribery and Corruption

Cybercrime

Cash Seizures

Investigative Interview under Caution

Dawn Raids (Emergency Service)

Confiscation

Furlough Fraud

Companies Act Offences

Private Prosecution

Corporate Manslaughter

Financial Sanctions

Insider Dealing and Market Abuse

FCA Investigations

Bounce Back Loan Fraud

Contact

To get in touch with our criminal defence lawyers please use the details below. If you need emergency assistance outside of office hours please call our out of hours phone number.

PRIMARY

+44 (0)20 7014 2020