Every year, over 900,000 companies are registered in the UK. Most are legitimate. But some, like Raj’s “Tech Lux Solutions Ltd,” are ticking fraud bombs — built to borrow, fake credibility, and vanish.

Let’s walk through how Raj pulled off a financial scam, all while appearing to follow the rules.

💼 Step 1: Register a Company for Just £12

Raj begins by registering Tech Lux Solutions Limited on UK’s Companies House for £12 — a process that takes less than 30 minutes.

He then pays an agent £8 to provide a virtual registered address.

That’s it. Tech Lux is now a legal UK business.

Step 2: Appoint a Nominee Director

Raj appoints Ms. Anjali, an offshore nominee, who charges £600/year just to appear as the company’s director.

In reality, Raj runs the show, but Anjali's name is on every legal document.

📊 According to research, companies with non-UK nominee directors are 17x more likely to be involved in suspicious activity and late filings.

🌐 Step 3: Build Fake Credibility

To warm up Tech Lux and make it look real:

  • Raj creates a sleek website

  • Registers on Google Business

  • Posts 15–20 glowing 5-star reviews

  • Accepts small payments to seed his business bank account

At this point, Tech Lux looks like a thriving IT solutions provider.

💸 Step 4: Inflate Profits & Lease Assets

Over time, Raj inflates profits and declares £250,000 in revenue.

He uses this record to lease 20 MacBooks and 30 iPhones from legitimate finance companies. Once the hardware is delivered...

Raj disappears.

No returns. No repayments.

🏦 Step 5: Take a £100,000 Loan

Using this fake turnover, Raj then:

  • Applies for a £100,000 business loan

  • Gets a £15,000 credit card

  • Buys luxury items using the credit

  • Has no intention of repaying any of it

🚨 £2 billion worth of business loans are flagged as frauds every year in the UK.

Step 6: Repeat with 10 More Shell Companies

Tech Lux was just the beginning.

Raj sets up 10 more entities, each with a different nominee director:

  • Delta Ware Consulting

  • Global Drive Logistics

  • Radex Consortium

  • Buy2LetCars (a real scam he's linked to)

Each runs the same playbook. Different name, same scam.

🚩 So What Went Wrong?

Here’s who missed the red flags:

  • Companies House: Didn’t vet nominee directors

  • Banks: Accepted inflated turnover without due diligence

  • Nominee directors: Claimed “no liability” despite shady paperwork

If even one party had questioned the setup, Raj’s house of cards could’ve collapsed.

🧠 Final Thoughts

Scams like this reveal just how fragile trust-based systems are — especially when there’s no strong oversight. Raj’s method wasn’t sophisticated, just repetitive and legally grey.

How many Rajs are out there right now?
Would you recognize the red flags if you saw them?

📢 Stay Ahead of Financial Scams

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