Banned broker inflated income 1200% on application

London-based broker Andrew EmeLife's stated earnings were 1200% higher than the income he declared for tax purposes. The FSA says, in all, Emelife, trading as Loans4Assets.com, submitted three mortgage applications - one for himself, his business and a customer - all of which contained inflated income figures. It says he commissioned an accountant to provide false statements for himself and at least one customer in order to commit mortgage fraud. The FSA concluded Emelife lacked honesty and integrity and should be prevented from working in regulated financial services. "Thi...