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English Man Gets Prison Time After Spending Covid Loan on Crypto and Gambling

Haralambos Ioannou of Edlesborough was sentenced to 22 months in prison for illegally obtaining a second business relief loan—and spending the funds on crypto.

The head of a rural English glass-fitting company has been sentenced to nearly two years in prison, after illegally using a Covid-19-era loan from the government on gambling and crypto.
Haralambos Ioannou, of Cow Lane, Edlesborough, was sentenced thi… [1230 chars]

Source: Decrypt | Published: 2025-10-09T21:30:49Z

Credit: Decrypt

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