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Apprentice contestant admits mortgage fraud

Former mortgage broker and The Apprentice contestant Christopher Farrell has pleaded guilty to mortgage fraud.

According to the BBC, Plymouth Magistrates’ court heard Farrell inflated clients’ incomes to improve their chances of securing a mortgage, while earning commission for himself.

The report says Farrell would achieve this by either altering documents or create fake documents.

Farrell, who admitted four charges of fraud, will be sentenced on January 28, 2011.

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  1. I wonder if the other thousands of mortgage fraudster brokers (who haven’t been on TV) will be prosecuted?

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