Lie-to-Buy Mortgage Brokers & the FSA.

VIGILANT22

no, he's not because he's behind with a lot of brokers who have been banned...probably reads money marketing..cant see the point of posting once people are struck off...makes no sense...but he obviously gets some satifaction from it....sad or what?

Dan_1976

This is an odd thread but I kind of get his point.

FraudBuster

FSA fines and bans Bromley mortgage broker for submitting fraudulent mortgage applications.

FSA/PN/037/2010
02 March 2010
The Financial Services Authority (FSA) has fined Bromley mortgage broker, Dele MacAulay, £115,157 for knowingly submitting nine fraudulent mortgage applications for himself, his wife, and his brother.

Now that MacAulay has been sentenced to 21 months in prison, details of the FSA’s action can be published.

Continued:

http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/037.shtml

Dan_1976

Its been a bit slow of late Fraudbuster!

MBM

Fraudbuster, try these for size
http://www.bedfordtoday.co.uk/bed-news/Solicitor-struck-off-for-350000.1484958.jp

http://www.moneymarketing.co.uk/regulation/gang-jailed-for-%C2%A38m-mortgage-fraud/1007644.article

Oh, I forgot they are not mortgage brokers!!!!

FraudBuster

FSA bans and fines North West London mortgage broker for submitting fraudulent mortgage applications

FSA/PN/064/2010
12 April 2010
The Financial Services Authority (FSA) has fined mortgage broker Gary Lester £103,000 for knowingly submitting 42 mortgage applications to lenders containing false and misleading income information for his customers, and committing mortgage fraud to obtain a mortgage for himself.

Continued:

http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/064.shtml

FraudBuster

FSA bans three individuals and fines a fourth for mortgage fraud and advice failings

FSA/PN/076/2010
30 April 2010
The Financial Services Authority (FSA) today announced it has banned three mortgage brokers from working in regulated financial services; another individual has been fined £17,500.
Investigations into each individual by the FSA revealed failings that exposed their firms to the risk of being used for financial crime.

Continued:

http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/076.shtml

FraudBuster

FSA bans Swindon based mortgage broker for breaching a settlement agreement and lying to the FSA

FSA/PN/092/2010
4 June 2010
The Financial Services Authority (FSA) has banned sole trader Joseph Masi, trading as Select Mortgage Services, for breaching a settlement agreement with the FSA and providing false and misleading information to the FSA.

Continued:

http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/092.shtml

new_home_owner_3

FraudBuster wrote: »

FSA bans Swindon based mortgage broker for breaching a settlement agreement and lying to the FSA



Continued:

http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/092.shtml

boring twxt

new_home_owner_3

Money_mad wrote: »

Fraudbuster. Please forgive me if I offend but can I sk you, are you working for the FSA?

hes an out of work mortgage broker, say no more:D