- Alex Hope fraudulently secured a £25,000 Bounce Back Loan after inflating his company’s turnover
- He laundered funds from two loans through multiple accounts to help buy a property in Lanzarote
- Business partner Liam Jones was also convicted of fraud over a £56,000 loan the pair obtained for their cannabidiol (CBD) company
A CBD brand boss has been sentenced for fraud and money laundering after transferring loan funds through multiple accounts to help buy a property in Lanzarote.
Alex Hope, 41, was director of management consultancy A Hope Ltd when he fraudulently secured a £25,000 Bounce Back Loan in 2020.
He was also a director of Virtutum Limited, which traded as CBD Asylum in Hull, when the company secured a £56,000…