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‘Tomb Raider’ composer jailed for COVID loan fraud

PETERLEE, COUNTY DURHAM, UNITED KINGDOM, JUL 17 – Peter Connelly inflated his company's turnover and secured two loans worth over £59,000 under the Bounce Back Loan Scheme, breaching rules meant to aid small businesses during the pandemic.

  • On July 17, 2025, Peter Connelly, 52-year-old composer, was jailed for 16 months at Durham Crown Court for fraudulently obtaining two Covid loans and disqualified from acting as a company director for six years.
  • Amid government relief efforts, Connelly fraudulently applied for two Bounce Back Loans by overstating his company's turnover, violating the scheme's rule of one loan per business.
  • Insolvency Service analysis revealed his 2019 turnover was just over £58,000, despite claiming £150,000 in June 2020, to justify a second loan, according to court documents.
  • The Insolvency Service emphasized that no repayments have been made on either loan, leaving taxpayers to cover the shortfall.
  • According to Daisy Wrigley, prosecuting for the Insolvency Service, Connelly's liquidation in August 2021 involved deficiencies over £170,000, highlighting long-term financial consequences.
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The Northern Echo broke the news in County Durham, United Kingdom on Friday, July 18, 2025.
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