It all depends on what you have been charged with. It ranges from the maximum sentence of ten years to seven years if the offences took place before 15 January 2007.
This of course is only in worst-case scenarios, and the maximum sentences would only be issued where there has been a deliberate act of recklessness and an obvious offence where significant amounts of monies are involved.
For smaller offences, the charge is most likely to be in the range of one to three years.
We have written some simple guidance to point you in the right direction so that you are better equipped in understanding your options.
Previously in the series
- Fraudulent trading part one: Have you been accused of fraudulent trading?
- Fraudulent trading part two: What actions constitute fraudulent trading?
- Fraudulent trading part three: Take advice immediately
- Fraudulent trading part four: Can my home be searched by the police?
- Fraudulent trading part five: Can I go to prison?
Next in the series
Next Steps
If you want to find out anything further about this topic then please feel free to call on 0330 236 9930, 0330 236 9938 or 07961 116321. All conversations will be in strict confidence. You can also email vee@navigatebr.com
This article is for information and interest only. It is not a substitute for full professional advice, which will take in to account the specific and individual circumstances. Navigate Business Recovery Limited cannot accept any responsibility for any loss arising because of any person or organisation acting or refraining from acting on any information.
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