Get all your news in one place.
100's of premium titles.
One app.
Start reading
Daily Mirror
Daily Mirror
National
Andrew Penman

Bounce Back Loan blagger takes out FOUR loans for £200,000 using fake figures

In what might be some sort of shameful record, director Stephen Burke conned his way to no fewer than four Bounce Back Loans.

The Government scheme was designed to help businesses through the coronavirus lockdown by offering loans up to 25% of a company’s turnover, with a maximum of £50,000.

Burke was a director of four companies that used fake figures showing incomes ranging from £200,000 and £320,000, when the true highest turnover for any of them was a mere £3,400.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.