The Bounce
| Use attributes for filter ! | |
| Artists | Jay Z |
|---|---|
| Kanye West | |
| Album | The Blueprint²: The Gift & the Curse |
| Released | 2002 |
| Genres | Hip-Hop/Rap |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2890824 |
About The Bounce
Health and beauty spending boosts August shop sales
... Paul Martin UK head of retail at KPMG, said The Bounce back would be " a relief" for many retailers...
Business confidence up sharply at biggest firms
... Ian Stewart, chief economist at Deloitte, attributed The Bounce back to improvements on several fronts at once...
The chef, the model and Rishi's missing millions
... We asked her about the company she was a named director of - JK Consult Ltd - and if she knew where all the money from The Bounce Back Loans had gone...
The clues in the State of the Union that suggest Joe Biden will run for president in 2024
... Although The Bounce back from the pandemic lay-offs began under his predecessor, Donald Trump...
Number of firms in critical financial distress rises sharply
... " We have given businesses increased flexibility in repaying their Covid-19 loans, with borrowers under The Bounce Back Loan scheme able to extend their repayment term by ten years, as well as apply for repayment holidays, " the spokesperson added...
Covid: Masks in Tesco and the man who spent his Covid loan on drugs
... Louis Glyn Maxwell, 35, obtained The Bounce Back Loan in August 2020 after overstating his projected income for his company, Mr Tow Recovery Logistics...
Covid: £10m Bounce Back Loan fraudsters jailed
... Police believe The Bounce Back Loan fraud was one of the largest since the scheme started in 2020...
Covid loan anti-fraud checks inadequate, says watchdog
... The Bounce Bank Loan scheme was set up in April 2020 with the aim of keeping afloat small firms struggling due to the coronavirus pandemic...
Covid: £10m Bounce Back Loan fraudsters jailed
Two men have been jailed for a total of 33 years for running a £70m Money Laundering scheme, £10m of which came from fraudulent Covid loans.
Artem Terzyan, 38, from Russia and Deivis Grochiatskij, 44, from Lithuania were sentenced earlier this month at Kingston Crown Court .
Police believe the Bounce Back Loan fraud was one of the largest since the scheme started in 2020.
At present, police have recovered only £17,000, with the rest sent abroad.
Details of the case can be reported after court restrictions were lifted.
The two men were first arrested in 2018 following a police operation which started the year before.
Police officers from The National Crime Agency and the Metropolitan Police watched large bags of cash being carried into their East London flats that had been picked up in lorry parks and service stations.
Both men, plus other members of their criminal network, opened bank accounts in The Names of various fake companies they had Set Up , the NCA said.
The Money was then sent from one shell company to another " in a complex web of transfers" before being sent to accounts in Germany, the Czech Republic, U. A. E, Hong Kong , and Singapore.
While on bail after their 2018 arrest, The Men started fraudulently claiming Bounce Back Loans in 2020 for the various shell companies they had Set Up .
The loans were part of government measures designed to cushion the UK economy from the effects of the coronavirus pandemic.
They claimed up to £50,000 a time, generating over £10m in total, with £3. 2m claimed from one UK bank alone.
Sentencing the two men, High Court judge Rajeev Shetty said their Bounce Back Loan fraud played a part in " undermining the government and financial institutions" and that the " The British taxpayer will be staggered and upset that part of their hard-earned tax contributions was going into the pockets of criminals".
'Sophisticated Money Laundering 'At Kingston Crown Court , Terzyan was sentenced to 17 years in prison and Grochiatskij to 16 years after being convicted following a trial.
Andy Tickner, from the Organised Crime Partnership, said the pair had built " a sophisticated, large-scale Money Laundering system".
" They did so by setting up hundreds of bogus companies and utilising an international network of criminals under their control, " he added.
" To top it off, they stole over £10m from British taxpayers in what is believed to be one of the largest Bounce Back Loan frauds since the scheme was introduced in 2020.
" These men and their network played a vital role in enabling other criminals to conceal and access their illicit earnings.
" The removal of this service will have been a massive blow to organised criminals in the UK and globally. "
Source of news: bbc.com
