The Financial Services Authority (FSA) has banned a mortgage broker from carrying on any regulated activity on the grounds he is not a fit and proper person following his involvement in a celebrity gambling scam.
Tony Sanham was sentenced on 13 October 2011 to four-and-a-half years imprisonment for his part in arranging 43 fraudulent mortgages worth more than £8m. The conviction was part of a wider case involving Warren Dunton who placed bets for high profile sports figures but creamed off either part of the stake or gave less favourable odds and kept the extra winnings. Dunton obtained three mortgages via Sanham by declaring false income and employment details. The FSA concluded Sanham is not a fit and proper person to perform any functions as his conduct demonstrates a "lack of honesty an...
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