Nelson Clark, a cab driver based in Bexley, has been sentenced to two and a half years in prison after being convicted of fraud by false representation. He fraudulently applied for and secured £130,000 through the Covid Bounce Back scheme by exaggerating his business income. Clark misrepresented his taxi business's turnover and created two fictitious companies to apply for significant loans, indicating revenues vastly inflated from the actual figures. His dishonest actions highlight ongoing efforts by the Insolvency Service to combat fraud linked to government support during the pandemic.
Nelson Clark, a Bexley taxi driver, was sentenced to two and a half years for fraudulently securing £130,000 in Covid Bounce Back loans by exaggerating his income.
Clark’s fraudulent claim for a £30,000 loan was overstated by £70,000, and he lied again for £100,000 from another bank, overstating revenue for non-existent businesses.
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