FCA starts criminal action against two men over £3.8m mortgage fraud

Barreto traded as Barreto and Partners, a Nottingham-based financial services firm that was unauthorised, while Hussain is an accountant who ran Keystone Chartered Accountants, also based in the Midlands city.  Both proceedings relate to an offence of conspiracy to commit fraud by false representation, as well as two further offences, supposedly committed by Barreto, of carrying on regulated activities without authorisation. The fraud charges relate to a series of mortgage applications made between January 2015 and March 2018, of which the alleged conspiracy involved clients of Barret...