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Former mortgage broker to stand trial

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A former mortgage broker has been ordered to stand trial over allegations of conducting regulated business when unauthorised and assisting fraud by false representation.

Michael Joseph James Lewis has been committed for trial at Maidstone Crown Court over 13 counts of conducting regulated business when unauthorised and three counts of assisting a fraud by false representation.

The criminal offences were brought against him by the Financial Conduct Authority.

Lewis was originally arrested on 24 October 2012 in a joint operation between the FSA and Kent Police. He was charged at Medway Police station on 7 February.

He appeared at Medway Magistrates Court in relation to criminal offences brought against him by the FCA on 29 April.

Lewis was prohibited by the FSA from acting as an authorised person on 9 August 2011.

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Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. Incompetent regulators 2nd May 2013 at 2:01 pm

    If the police are sealing with it why do we need the FCA?

  2. Roman Duzinkewycz 2nd May 2013 at 4:39 pm

    In answer to the question, to claim the credit of course.

  3. Becuase the FCA doesn’t have powers of arrest, but is a prosecuting authority.

  4. Because the FCA, like the FSA before it, is unaccountable and can do as it pleases.

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