First bounce back loan fraudster admits £240k swindle

A human resources manager who tried to swindle up to £240,000 in Covid-support bounceback loans is facing jail in the first case of its kind. Timilehin ‘Yvette’ Olasemo, 38, made eight separate claims for £30,000 bank loans on behalf of her employer Essex Cares Ltd, Southwark Crown Court heard. Wearing a white polka dot dress, Olasemo admitted conspiring to commit fraud by false representation in relation to the Bounce Back Loan Scheme (BBLS) claims at Southwark Crown Court today (thurs)….