Fraudster spent Covid loan funds on gambling and crypto investments
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Haralambos Ioannou fraudulently applied for two separate Bounce Back Loans worth a total of £100,000 for Opti-Bond (GB) Ltd
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He spent large amounts of one loan on gambling, crypto investments, cash withdrawals and payments to his then wife
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The 49-year-old received a suspended sentence of 22-months in custody with 150 hours of unpaid work to be completed
The boss of a glazing firm who fraudulently applied for two Covid Bounce Back loans and spent significant sums on gambling and crypto investments has received a sentence of 22 months in custody, suspended for two years.
Just months into the pandemic, Haralombos Ioannou secured two maximum-value £50,000 Bounce Back Loans when businesses were…
