Fraud and Financial Crimes
Bounce Back Loan Fraud Defence Solicitors
Have you been accused of Bounce Back Loan Fraud in the UK? With the recent government crackdown on Bounce Back Loan Scheme fraud during the COVID-19 pandemic, it’s crucial to understand the implications and seek legal help if accused. The experienced team at Holborn Adams specializes in defending clients against Boune Back Loan Fraud allegations, and can ensure you receive the best possible representation.
What Are Bounce Back Loans?
Due to the urgency of the scheme, the lack of stringent checks led to a significant amount of fraud. But where some applicants knowingly submitted false information, many others simply misunderstood the rules. In total, The National Audit Office estimates that around 11% of the loans, equating to £4.9 billion, were fraudulently obtained. As a result, the NAO and other regulatory bodies are now actively investigating and auditing the distribution of Bounce Back Loans to identify and prevent fraud.
What is Bounce Back Loan Fraud in the UK?
Bounce Back Loan fraud involves the misuse of funds provided under the BBLS. As of September 2022, HMRC, the National Audit Office’s Taskforce for Anti-Money Laundering and Illicit Finance, and the Insolvency Service have launched thousands of fraud investigations into businesses they allege engaged in misconduct.
By their definition, “misconduct” can include providing false information on loan applications, using loans for personal gain, and dissolving companies to avoid repayment. Being found guilty of misusing Bounce Back Loans can result in fines, compensation and confiscation orders, director disqualification, and serious crime prevention orders.
If you’ve been accused of Bounce Back Loan Fraud in the UK, Holborn Adams will stand up for your rights and fight to achieve a satisfactory result.
Why Am I Being Accused of Bounce Back Loan Fraud?
Bounce Back Loan fraud accusations can arise from a number of purposeful and accidental activities, including:
- Providing false information to obtain a loan, such as inflating business turnover or creating fictitious businesses.
- Using the loan for personal expenses instead of supporting the business.
- Applying for multiple Bounce Back Loans through different banks for the same business, thus exceeding the £50,000 cap.
- Intentionally not repaying the loan despite having the means to do so.
- Using stolen identities or the identities of dormant companies to apply for loans.
Reliable Bounce Back Loan Fraud Representation
Here at Holborn Adams, we have already dealt with numerous BBLS fraud accusations on behalf of our clients. As always, we have been able to secure the best-case outcome in each and every one.
If you’ve been accused of BBLS fraud and need to speak to one of the experts on our team, you should get in touch today.
Our Fees
Fixed fee defence
Our team will give you a free, no-obligation quote after your initial consultation. We offer a fixed fee service, free of any hidden extra costs. Our firm is exclusively privately-funded meaning we cannot accept any legal aid clients. Your fees secure you a top-tier team and top-tier treatment, covering
Dedicated, experienced legal team.
Ability to get your case dropped before charges.
Representation at interviews and court hearings.
Requests to vary bail conditions where required.
Negotiating with police or prosecutors
Referrals to various support services.
Trusted by clients
Top-rated legal defence and client care
Our clients feel supported, not just in their legal defence, but as individuals facing challenging times. We provide expert representation as well as the guidance, emotional support, and resources they need, which is why we consistently receive glowing reviews.
We’re here to help
Frequently asked questions
Here are some answers to our most commonly asked questions - for tailored support with your case, please call us now for a free initial consultation.
Yes - we are proudly accredited by the two largest governing legal bodies in the UK, the Law Society and Legal 500. We are also regulated by the Solicitors Regulation Authority.
We have hundreds of client testimonials listed on our website, in addition to reviews on independent review platforms TrustPilot, Google Reviews, and Review Solicitors.
Every case is different. After your initial consultation, we’ll determine which services are best for your defence, and calculate a fixed fee quote for you. The price depends on the complexity of the case, how long it will take, which team members are best for the case, and whether we need to instruct specialists. We do not charge by the hour - only a fixed fee for your whole defence.
When you phone us, you’ll have an initial consultation with a member of our legal team on a completely confidential basis. They will listen to your case and may ask additional questions to get as much detail as possible so the team can decide whether they are the best fit for you. We cannot give exact costs, a timeline, or suggestions on how to proceed in this initial call.After this, they will give your case details to the rest of the team and someone will be in touch with you with a no-obligation fixed fee quote for representation, and some ideas for next steps (such as pre-charge engagement, police interview representation, and similar). It is then up to you whether you’d like to accept the quote and proceed to formally instruct Holborn Adams.
Yes, your initial phone consultation is free of charge. After this, we will give you a free, no-obligation fixed fee quote for using our services.
Yes, when you call us, your call is 100% confidential.
We have a member of our legal team available to speak 24/7, 365 days a year. Whenever you need to speak to someone, you will be connected instantly. All calls are 100% confidential.
No - we are a 100% privately funded firm, meaning we charge a fixed fee for our services. We do not take on legal aid cases. We find that focusing on private cases only allows us to dedicate more time and resources to defending our clients to a much higher degree than firms who are stretched thin by intense legal aid caseloads.
Yes - and it is our ultimate goal with all cases that come to us pre-charge. We believe in a proactive approach, working with you to build a defence that encourages prosecutors and the CPS to drop the case with no further action. Please speak to us as soon as you become aware there are allegations against you. The earlier you reach out, the better.
To decide whether any firm is best to handle your case, you should be asking yourself some key questions:
- How are they funded? - We are a privately funded firm meaning we take on cases for a fixed fee, with no options for legal aid. Some firms are legal aid only or a mix of private defence and legal aid. For the highest level of attention and case preparation, you are best seeking a 100% private firm like us, as we are not stretched thin by a caseload of Government-funded cases.
- Expertise - Our solicitors have diverse experience defending every type of criminal offence. We are, however, specialists in pre-charge defence, fraud, sexual offences, and regulatory investigations, so if your case falls under these categories, we are confident we can secure the best outcome for you.
- Location - We have offices all over the world. We can travel to you and offer remote conferencing services to make things easiest for you.
- Reviews - Our client testimonials speak for themselves. You’ll see hundreds of glowing reviews on our website, as well as on independent review sites like Review Solicitors, Google Reviews, and TrustPilot.