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Bounceback Loan Fraud

Bounceback Loan Fraud

Submitted by • August 18, 2020 bestkeptbusinesssecret.co.uk

While the Government’s financial schemes have been a real help to many businesses during the coronavirus pandemic, fraudsters are quick to find ways to take advantage. The Coronavirus Job Retention Scheme (CJRS), known as the Furlough Scheme, is no exception and along with other financial support such as the Business Bounce Back Loan Scheme (BBLS), they are opening up a whole new risk of prosecution to business owners. Steven Mather, a commercial lawyer with Nexa Law, writes.

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