Business partners exposed in fraud case involving Covid and private loans
A CBD business director has been sentenced for fraud and money laundering after using funds from two loans, including a Covid support scheme loan, to help purchase a property in Lanzarote.
Alex Hope, 41, from Halsham in East Yorkshire, secured a £25,000 Bounce Back Loan in 2020 after falsely inflating the turnover of his company, A Hope.
Hope was also a director of Hull-based CBD company Virtutum, which traded as CBD Asylum, when the business obtained a further £56,000 loan from a private lender in 2021.
The funds from both... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
