Broker jailed for family mortgage fraud

MacAulay, a sole trader at Dele MacAulay Financial Services in Orpington, has also been fined £115,157 by the FSA and has been banned from ever working in regulated financial services. The FSA's investigation was conducted alongside a criminal investigation by Hertfordshire Constabulary which was also looking into mortgage fraud committed by MacAulay. The investigation showed that MacAulay processed nine fraudulent mortgage applications with vastly inflated income and false employment information. He submitted five residential mortgage applications for himself between June 2006 and...