A Brighton man is due to face magistrates on two charges of fraud today (Wednesday 8 February).
Imaad Khan, 23, of Bedford Place, Brighton, is one of three men charged with fraudulently taking £35,000 in fees to arrange loans that were never honoured.
They are also accused of trying to defraud creditors to the tune of £96,000, Sussex Police said.
Khan and a father and son – Javaid Hussain, 50, and Fahad Javiad, 23, both of Borrowdale Close, Crawley – are believed to have run a business called Swift Loans Finance.
The alleged fraud took place from January to July last year from offices at First Point in Buckingham Gate, near the South Terminal at Gatwick.
Detectives from the Sussex Police Economic Crime Unit have been investigating claims that 100 people registered with the company for low-interest loans.
According to reports, would-be borrowers paid a fee when they registered for the loans but never received the loaned money that they had been expecting.
All three are due to appear at Mid Sussex Magistrates’ Court on police bail.