Broker trio fined £450k after fraud appeal dismissed

Joseph Chinedu Nwosu, the founder, sole shareholder and sole director of Gemmini Mortgages, was fined £200,000 and banned from working in financial services for attempting 14 cases of mortgage fraud over a period of 26 months. He had obtained five regulated residential mortgages and one unregulated buy-to-let mortgage using inaccurate and misleading personal information. Jageet Kaur, who was a mortgage adviser employed by Gemmini, has also been banned from working in financial services for having knowingly submitted five false and misleading personal mortgage applications. Menawhil...