MrSocial News [Admin]
Jul 13, 20212 min
The investigation found that between September 2018 and February 2020, Levi Freeman used a total of £39,579 taken from his friends to fund his gambling habit.
On 15 June, the Secretary of State for Business, Energy and Industrial Strategy accepted six-year bankruptcy restrictions undertaking from Levi Freeman. The restrictions mean that effective immediately, Levi Freeman cannot borrow more than £500 without disclosing his bankrupt status and cannot act as a company director without the court’s permission.
Kevin Read, Official Receiver at the Insolvency Service, said:
Levi Freeman used his friends’ concern, telling them he was struggling with living expenses, and then cynically used the money to fund his gambling. He made minimal efforts to repay those who tried to help him and instead left one liable for £10,000 in loans as well as the loss of their savings.
We will take firm action against individuals who make false representations to encourage people to lend them funds which are then cynically misused, as this case shows.
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