- Jordan Allen fraudulently secured a £50,000 Covid Bounce Back Loan in 2020 – the most businesses were entitled to under the scheme – by overstating his turnover by more than £200,000
- His plastering business should only have received around £5,000 if he had submitted an accurate application for the loan
- Allen, who was declared bankrupt the following year and is currently subject to stringent bankruptcy restrictions, used the loan for personal expenses such as supermarket shopping and gambling
A Lancashire plasterer who overstated his business’s turnover to secure a maximum-value Covid loan spent the funds on groceries, gambling, fantasy football, and almost 40 withdrawals from cash machines.
Jordan Allen, 39, was sentenced to 16…
