Manchester Businessman Jailed for Covid Loan Scam

0:00On April 1st, a Manchester businessman named Maloub Hussein just got hit with a two-year four-month prison sentence for scamming the COVID bounce, back loan scheme. The 49-year-old from Manchester fraudulently grabbed 50,000-pound loans for three outfits, including a second one each for dynasty, group, and in a collection, even though rules allow just one per business. He jacked up turnover numbers on applications and lied about how the cash would help one sole trader operation. Plus, he was running dynasty group as director while legally banned from doing so after a prior disqualification tied to in a collection, back in 20, 21. This scheme was meant to save struggling spots during the pandemic, but Hussein treated it like his personal ATM, costing taxpayers big time. Folks are fuming because it undercut real businesses that needed the help. In Manchester Crown Court on 25 March, 2026, he copped to three fraud charges and won for directing while disqualified.

1:02Insolvency's service investigators called him out for acting like he was above the rules. There are already clawed back about 27,000 pounds and planned to chase the rest through proceeds of crime laws, making sure cheats like this.