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Adviser jailed for £3m mortgage fraud

Adviser Feruza Mettrick has been jailed for five years for trying to defraud lenders out of £3m by stealing the identities of homeowners.

Mettrick rented properties using fake documents and then attempted to obtain mortgages for the properties by pretending to be the real owners, according to the Yorkshire Evening Post.

Leeds Crown Court heard how she managed to obtain a total of £515,900. She was arrested wearing a wig and glasses at a Royal Bank of Scotland in Harrogate in September last year.

The court heard how the potential losses through her failed attempts to obtain funds was around £2.4m.

The FSA register shows Mettrick worked for a firm called Small Investment Solutions, an appointed representative of The Mortgage Times Group, between March 2008 and March 2009.

Prosecutor Nick Worsley says: “This is sophisticated, repeated and professional offending by a defendant adept at using disguise and subterfuge.”


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There are 2 comments at the moment, we would love to hear your opinion too.

  1. This guy deserves to be locked up but where are the prosecutions for the senior bank directors who are responsible for mass mis-selling and therefore the fraud on millions of PPI policyholders?

  2. Just goes to show, you can have all the qualifications you need to do this job but without
    an inbuilt, ethical, honest and honourable atttitude in the way you conduct business, the changes in adviser qualifications will just mean that the crooks will be just as virilent as they are now, but they will have the guise of being better qualified and more sophisticated rip offs will come to light in future.

    Honour and integrity are gifts you only give yourself, they cannot come about by passing exams.

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