A 37-year-old woman from Northolt has been sentenced for fraud after inventing a fake business to secure a £50,000 Covid Bounce Back Loan, which she later transferred to multiple bank accounts in Poland.
Jagoda Rubaszko, of Old Ruislip Road, falsely claimed to run an administrative services company with a turnover of £210,000. However, an investigation by the Insolvency Service found she had no such business and that her actual income never exceeded £15,100 per year between 2019 and 2021.
Rubaszko was sentenced at Isleworth Crown Court on 5 June 2025 to 18 months imprisonment, suspended for 21 months. She will also be under a nightly curfew from 7.30pm to 6am for six months and must also complete 175 hours of unpaid work.
Rubaszko’s fraudulent loan application was submitted on 26 April 2021 and approved two days later. The £50,000 was then transferred in 22 smaller payments to five individual bank accounts in Poland over a two-month period.
When questioned, Rubaszko told investigators she was guided by a man named Daniel, who she claimed instructed her on how to obtain the loan and advised her to declare bankruptcy to avoid repayment. Despite claiming she paid him a £17,500 commission, investigators found no evidence of this man’s existence or any such payment in her records.
She admitted under questioning that she had never met Daniel, who she alleged had orchestrated the fraud.
Mark Stephens, Chief Investigator at the Insolvency Service, said: “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.”
The Insolvency Service is now seeking to recover the stolen funds under the Proceeds of Crime Act. Rubaszko is also subject to a 10-year Bankruptcy Restrictions Undertaking, barring her from managing a limited company until 2033.
