The post UK Glazier Sentenced After Using Second Bounce Back Loan, Allegedly Spending Funds on Bitcoin and Gambling appeared on BitcoinEthereumNews.com.
COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process—not noise. 👉 Sign up → Bounce Back loan fraud occurs when a business or individual illegally secures multiple Covid-era Bounce Back loans or diverts loan funds for personal use, such as gambling or crypto. Haralambos Ioannou was sentenced to 22 months for obtaining two £50,000 loans and spending the second on crypto, gambling and personal payments. Illicit use of government Covid relief funds Second £50,000 Bounce Back loan used on crypto, gambling and personal withdrawals Sentenced to 22 months custody and ordered to pay £40,000 restitution; UK Insolvency Service handled the case Bounce Back loan fraud: Sentenced for using a second £50,000 loan on crypto and gambling — read the facts and what happened next. Learn more. What is Bounce Back loan fraud? Bounce Back loan fraud is the illegal securing or misuse of the UK government’s Covid Bounce Back loans, typically by obtaining more than one payment or diverting approved business relief funds to personal investments such as crypto or gambling. Convictions often involve restitution and custodial sentences. How did Haralambos Ioannou obtain and misuse the loan? Haralambos Ioannou of Edlesborough was approved…