FSA expects more prosecutions after 'serious' broker ban

Leo Kusi-Appiah - who traded as Oxford House Financial Services - was found by the FSA to have submitted fraudulent mortgage applications in his own name, in his wife's name, and in the name of a fictitious person called Kwadjo Amoteng. Kusi-Appiah was jailed after pleading guilty at St Albans Crown Court for "obtaining property by deception" in connection with mortgage fraud. The broker sent the FSA a handwritten letter from Ghana in which Kwadjo Amoteng confessed to committing mortgage fraud offences using Mr Kusi-Appiah's name. Handwriting analysis showed the letter was probably writ...