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Tomb Raider Composer Jailed for COVID Loan Fraud

7/22/2025

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Summary

Story summary

Peter Connelly, renowned for his work on the Tomb Raider series, faces 16 months in prison after fraudulently securing two COVID-19 Bounce Back Loans. By exaggerating his company's turnover, he unlawfully obtained a second loan of £37,500. His company collapsed in August 2021, leaving him in an Individual Voluntary Arrangement.

History

Historical Context

In 2020, the UK government introduced the Bounce Back Loan Scheme, offering loans up to £50,000 to support businesses during the COVID-19 pandemic. Over 1.5 million loans were issued, totaling £47 billion. However, widespread fraud emerged, prompting scrutiny and calls for reforms to prevent future misconduct, as highlighted by Minister Theodore Agnew's resignation in January 2022 over the government's handling of the scheme.

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Story summary

Peter Connelly, renowned for his work on the Tomb Raider series, faces 16 months in prison after fraudulently securing two COVID-19 Bounce Back Loans. By exaggerating his company's turnover, he unlawfully obtained a second loan of £37,500. His company collapsed in August 2021, leaving him in an Individual Voluntary Arrangement.

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