The FSA has banned five individuals and fined another for failings which led to mortgage fraud.
Mark Thorogood, owner of Property Park Mortgages, has been banned and fined £104,294, while Darren Button, formerly of the same firm has been banned. Daniel Djaba, trading as DPD Consultancy Services, and Adeolu Adeosun, a former adviser at the same firm, have also been banned, in addition to Waheed Hanif, a sole trader at The Broker Group. The FSA found Thorogood had knowingly submitted fraudulent mortgage applications for himself and his wife, inflating his income from £22,950 to £120,000 and her income from £8,832 to £95,000. He also submitted two mortgage applications contain...
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