In brief
- An English business owner was sentenced to 22 months in prison for fraudulently securing a Covid-era loan and spending it on crypto, gambling, and personal expenses.
- The man used a first loan legitimately for his glass-fitting business, but illegally received a second loan and used the funds improperly.
- Ioannou must also now pay £40,000 in restitution and work 150 unpaid hours, according to the UK Insolvency Service.
The head of a rural English glass-fitting company has been sentenced to nearly two years in prison, after illegally using a Covid-19-era loan from the government on gambling and crypto.
Haralambos Ioannou, of Cow Lane, Edlesborough, was sentenced this week to 22 months in custody and 150 hours of unpaid labor for…
Oct 10 2025
