Construction Boss Punished For COVID Loan Fraud

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Law360, London (August 25, 2021 2:15 pm Moscow time). The bankrupt construction boss’s insolvency restrictions were extended by 10 years after he accepted a fraudulent loan from the UK’s COVID-19 program, a government agency said.

The Insolvency Service said Tuesday that it extended the bankruptcy restrictions imposed on Lee Hobson’s timber truck after it discovered he had applied for and received a fraudulent £ 50,000 ($ 68,500) loan from the so-called government Bounce Back programs for those who lost the coronavirus crisis.

Hobson applied for a loan on behalf of a company he no longer worked for, the Insolvency Service said. He used money …

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