FSA bans five for 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...