A mortgage broker has pleaded guilty to 12 criminal offences in a case brought to Maidstone Crown Court by the Financial Conduct Authority (FCA).
The broker, Michael Joseph James Lewis, 65, pleaded guilty to ten counts of breaching the general prohibition under Section 19 of the Financial Services and Markets Act 2000. Lewis breached the Act by continuing to give mortgage advice to clients despite being prohibited by the FCA from doing so on 9 August 2011. He also pleaded guilty to two counts of supplying/making an article for use in fraud under Section 7 of the Fraud Act 2006 for providing false employment details for two of his clients in order to inflate their incomes. Lewis was originally arrested on the 24 October 2012 ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes