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Composer jailed for Covid loan fraud

Peter Connelly received a 16-month sentence for fraudulently applying for Covid business loans.

July 18, 2025 at 12:20 PM

Peter Connelly is jailed after admitting taking out multiple Covid scheme loans.

Composer jailed for Covid loan fraud

A video game composer known for his work on the Tomb Raider franchise has been jailed after he fraudulently applied for a Covid business loan. Peter Connelly, 52, of Lambton Court in Peterlee, received a 16-month sentence from Durham Crown Court on Thursday. He overstated his company's turnover to secure a second Covid Bounce Back loan of £37,500 in 2020, even though businesses were allowed only one loan under the scheme. David Snasdell, chief investigator at the Insolvency Service, stated that Connelly had blatantly disregarded the rules intended to support small businesses during the pandemic.

Key Takeaways

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Peter Connelly is jailed for 16 months for Covid loan fraud.

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He overstated business turnover to secure funds he was not entitled to.

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The Covid Bounce Back loan scheme intended to help struggling businesses.

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Fraudulent claims threaten the credibility of government relief efforts.

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Insolvency Service warns of strict measures against such abuses.

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Cases like this highlight the need for stronger oversight of loan schemes.

"Connelly had blatantly disregarded the rules for the scheme."

This quote from David Snasdell emphasizes the clear violation of regulations by Connelly.

"The justice system is sending a clear message that fraud will be met with serious penalties."

This reflects the intention of legal actions against fraud in financial schemes.

This case highlights the serious consequences of abuse of financial support schemes introduced during the pandemic. The government aimed to protect small businesses struggling due to Covid-19, but instances like Connelly's show how some individuals took advantage of the system. Such fraud undermines the intentions of these programs and raises concerns about oversight and compliance. The justice system is sending a clear message that fraud will be met with serious penalties.