A woman from Northolt invented a fake administration business to get a £50,000 Government loan. Jagoda Rubaszko, 37, of Old Ruislip Road, Northolt, was handed an 18 month sentence suspended for 21 months for her crimes.
Rubaszko invented the fake administrative business so that she could claim Covid Bounce Back loan – meant for business struggling post Covid. But she had no business, instead sending the £50,000 to five separate bank accounts in Poland.
While she claimed the business had a turnover of £210,000, investigations into Rubaszko’s finances revealed her tax returns were no higher than £15,1000 each year between 2019 and 2021. The con-woman claimed that she had been contacted by a man called Daniel, who told her how to apply for the loan, and to declare herself bankrupt to avoid repaying it.
Despite never meeting Daniel, she claimed to have paid him £17,500 commission for his ‘help’ after receiving the £50,000 payment. Her bank records show that no such payment was made, rather 22 smaller payments of up to £11,690 were sent to five individual bank accounts in Poland over a two-month period.
Rubaszko was sentenced to 18 months imprisonment, suspended for 21 months, for fraud by misrepresentation at Isleworth Crown Court on June 5, 2025. She will be tagged and under curfew between 7.30pm and 6am every day for six months, and must complete 175 hours of unpaid work.
The Insolvency Service is seeking to recover the fraudulently obtained funds under the Proceeds of Crime Act 2002. After declaring herself bankrupt, Rubaszko was subject to a 10-year Bankruptcy Restrictions Undertaking (BRU) on May 12, 2023. The BRU prevents her from managing a limited company until 2033.
Mark Stephens, Chief Investigator at the Insolvency Service, said: “Jagoda Rubaszko claimed to be a business director, but she had no business at all. She invented a turnover of £210,000 even though her bank accounts showed no business dealings.
“She invented a man called Daniel, who she has blamed for her actions, claiming he had told her to apply for the loan, and she believed she’d get away with this by declaring herself bankrupt.
“What is definitely real, is that she took money which was meant to help businesses during a difficult period, and sent that funding off to the bank accounts of five men in Poland.
“As a result, reality has now caught up with her.”
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