Help: Mortgage broker fraud, his accountants office turns out to be sex shop!

jamesd

javir wrote: »

I think some people are getting a bit confused, probably because of the way ive laid out the question.

Perhaps so. Best we can do is reply on what we know, though.

javir wrote: »

During court proceedings commercial first denied all knowledge of this Broker, however there is a letter which my father received from Commercial First in which they not only mention the Broker by name but also lay out an account of how much money will be left over after this Broker is paid.

The nature and result of these court proceedings would probably be very significant to any comments here so it's not really sensible to write much more without knowing more about them and the result.

javir wrote: »

Is it not suspicious where a company suddenly decides they have never heard of a person once he is exposed in court, why are they changing their story all of a sudden.

Because they noticed during legal review of the situation? It's a pretty trivial error not to notice such a thing since the broker isn't regulated and all it's doing is letting your father know what they could properly presume he already knew, how much he had agreed to pay his broker. The letter would be just accounting or duplicate notification, not of primary importance and definitely not suggesting that the broker was an agent of theirs who could cause liability for them. Unless it did say that he was their agent (with duty of care to them not to your father - normally the broker has a duty of care to their customer, not the mortgage company).

javir wrote: »

Also its not that the fee stated was extraordinarily large, but it was taken by deception.

I believe you, but it's still not something that looks provable from what you've written so far.

javir wrote: »

And my dad signed the papers like that because he trusted this person, in hindsight it was a mistake, not an attempt at fraud, this 'broker' took advantage of a person in need of financial as

I believe you. Don't think it helps his position, though. A very painful mistake.

jamesd

RecoveringAlcoholic wrote: »

I like this thread.



Money, sex, crooked accountants and brokers, forgery, fraud.........................

The FSA has been doing quite a bit of work in this area, both banning brokers and forwarding cases for prosecution. Far more than in the past when brokers and consumers might have been complacent about mortgage fraud. Broker in this case.