Broker slapped with £100k fraud fine and banned

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The FSA has banned a mortgage broker and fined him £101,279 for submitting a fraudulent mortgage application and for concealing a fraud conviction when applying to the FSA for approval as a director.

Gabriel Aramide was an FSA approved person and director of Romford-based 1st Point, and has had permissions withdrawn. The regulator said the six figure fine was aimed at deterring mortgage brokers from...

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