An artist with Royal, political and sports celebrity connections has been caught abusing a BounceBack Loan. The Insolvency Service says the case is a warning that there are consequences following disqualification which is a lengthy exclusion from trading with the benefit of limited liability.
The Insolvency Service has reported that artist Darren Baker has abused the Bounce Back Loan scheme by taking a 50,000 loan for his charity that it was not eligible for.
The case highlights the lack of due diligence for Bounce Back loans at a time when legitimate and struggling limited company directors were excluded from support.
Darren Richard Baker, based in Coventry, has been disqualified as a director for 7 years after he wrongfully took out a…
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