Engländer wird zu Gefängnisstrafe verurteilt, nachdem er einen Covid-Kredit für Krypto und Glücksspiel ausgegeben hat

tldr; Haralambos Ioannou, a glass-fitting company owner in England, was sentenced to 22 months in prison for misusing a second Covid-19 Bounce Back loan of £50,000. While the first loan was used for his business, the second was spent on crypto investments, gambling, cash withdrawals, and payments to his ex-wife. Ioannou was also ordered to pay £40,000 in restitution and perform 150 hours of unpaid labor. The UK Insolvency Service revealed that £8,000 went to crypto investments and £25,000 to gambling companies.

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