A father and son have been given suspended sentences following a prosecution by the Insolvency Service for abusing a covid recovery scheme.

A self-employed construction contractor from East London has been ordered to pay £10,000 within one week after transferring a Covid support loan to his personal account. 

A self-employed builder has been sentenced after overstating income to claim £50,000 through a Covid support government loan – which he then lost in a scam crypto investment scheme.

Two construction businessmen have been banned from running a company for a total of 16 years after breaching the rules of the Bounce Back Loan scheme.