HR boss faces jail for stealing £240k in first case of fake Covid business loans

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HR boss faces jail for massive £240k Covid business fraud while ‘carrying out romance fraud’

A HUMAN resources boss is facing jail after trying to claim £240,000 in Covid-support bounce back loans.

Olasemo was also accused of helping her friend Olufemi Akkineye, 33, carry out a "romance fraud" by befriending men on dating sites. Akkineye also defrauded businesses and individuals by diverting legitimate payments to bank accounts owned by him and other fraudsters between 2014 and 2020, the court heard.

Adjourning sentence until November 27, judge Alexander Milne told the pair: "You will be remanded in custody.Olasemo, of Romford, admitted conspiring to commit fraud by false representation.Akinneye, whose address was given in Wandsworth prison, admitted two counts of conspiracy to commit fraud by false representation and a single count of money laundering.In April, Rishi Sunak announcedunder an emergency micro-loans scheme.

 

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