One man has set up a series of fake banks on Companies House - with real bank names, no checks, and zero consequences. When he's caught, he does it again. And he's been facilitated by a legitimate incorporation agent that, for reasons we don't understand, incorporated an obviously fraudulent fake bank for him.
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There need to be consequences in law to prevent. It would be very simple to restrict any person convicted of fraud to be banned from creating new companies or ever holding any office again whether private, public or charitable.