Businessman lied to get £25k Covid loan and used it to fund Lanzarote property

Company bosses sentenced after fraudulent funds used to buy home in Lanzarote

Both defendants pleaded guilty on the day of their trial at Hull Crown Court

Covid conman used £37k bounceback loan to clear his personal debts

Chowdhury claimed he needed money to buy computer equipment and pay his wages

Pair sentenced for using Covid loan to help buy Lanzarote house

Alex Hope and Liam Jones, who ran a Hull company, fraudulently obtained £81,000 in loans.

Businessman lied to get £25k Covid loan and used it to fund Lanzarote property

He and an accomplice then went on to falsely obtain a further £56,000 loan from a private finance company

CBD Brand Director Sentenced for Covid Loan Fraud and Money Laundering

The director of UK CBD brand Virtutum Limited, which traded as CBD Asylum in Hull, has been given a suspended prison sentence for fraud and money laundering. Alex Hope, 41, and his co-director Liam Jones, 42, both pleaded guilty to fraud at Hull Crown Court in June 2026. Hope was separately convicted of money laundering, having channelled the proceeds of two fraudulent loans through a string of bank accounts to help buy a property in the Canary …