Peter Connelly, known for his work on Tomb Raider games, has been sentenced to 16 months in prison for committing COVID-19 loan fraud. He inflated his company's turnover to secure two Bounce Back Loans totaling £59,500, despite only being eligible for one. The actual turnover was much lower than claimed. His company went into liquidation in August 2021, and he entered an Individual Voluntary Arrangement in June 2022. Connelly aimed to orchestrally reimagine his past soundtracks but resorted to fraud for financial help during the pandemic.
Peter Connelly has been sentenced to 16 months in prison for COVID-19 loan fraud after inflating his company's turnover to secure multiple Bounce Back Loans.
Connelly secured £22,000 in May 2020 and a further £37,500 a month later by falsely claiming his company's turnover was significantly higher than it actually was.
Following the pandemic's onset, Connelly's company, Peter Connelly Limited, ultimately went into liquidation in August 2021 without repaying the loans.
The UK Insolvency Service reported that Connelly entered an Individual Voluntary Arrangement in June 2022 to address his financial situation.
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