Four brokers banned for mortgage fraud - AAD Consumer Forum

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5corpio started a blog post Four brokers banned for mortgage fraud
19 April 2011, 16:28

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Four brokers banned for mortgage fraud

Four brokers banned for mortgage fraud

Originally posted by 5corpio

Four brokers have been banned from the financial services industry by the City watchdog for mortgage fraud.

One of the four, Joseph Chinedu Nwosu, the founder of Gemmini Mortgages, was also fined £200,000 - one of the largest imposed for such misconduct.
He committed 14 cases of mortgage fraud, the Financial Services Authority (FSA) found.

The watchdog has been clamping down on brokers using misleading and inaccurate information to secure mortgages.

A total of 105 have been banned since October 2004.

In the latest rulings, Jageet Kaur, who was a mortgage adviser employed by Gemmini, which was based in.....Read more HERE
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