While we were in lockdown, he stole £80k in Covid loans to trade stocks

While we were in lockdown, he stole £80k in Covid loans to trade stocks

An investigator said Temidola Ojelabi showed a 'complete disregard for taxpayer money'

Derby businessman jailed after using Covid loan funds on share dealing platforms

A Derby businessman who used Covid support scheme funds on online trading platforms has been jailed. Temidola Ojelabi secured £80,000 across two Bounce Back Loan applications for Platinum Gates Limited in 2020, when businesses were only entitled to a single loan. Money from the loans was then used on online trading platforms when it should have been spent supporting his business. Ojelabi was sentenced to […]

Fraudster jailed after using Covid loan funds on share dealing platforms - Credit Connect

A Derby businessman who used Covid support scheme funds on online trading platforms has been jailed. Temidola Ojelabi secured £80,000 across two Bounce Back Loan applications for Platinum Gates Limited in 2020 when businesses were only entitled to a single loan. Money from the loans was then used on online trading platforms when it should have been spent supporting his business. Platinum Gates Limited was set up in October 2018 with Ojelabi as i…