Two Jailed for Fraud and Money Laundering After Scamming COVID-19 Loan Scheme
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Sputnik International
https://sputniknews.com/uk/202103171082373279-two-jailed-for-fraud-and-money-laundering-after-scamming-covid-19-loan-scheme/
Timilehin Yvette Olasemo spotted potential loopholes to defraud the government s Coronavirus Bounce Back loan scheme, which was set up with minimum security checks to speed up the application process for businesses hit hard by the pandemic lockdown.
Two Londoners have been jailed for fraud and money-laundering after they scammed banks out almost £300,000 meant for COVID-hit businesses.
Timilehin Yvette Olasemo of Romford was sentenced to three years and two months at Southwark Crown Court on Wednesday for conspiracy to commit fraud by false representation, while Olufumi David Akinneye of Lambeth got five years and six months for conspiracy to money launder and conspiracy to commit fraud.