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Three brokers stand trial over alleged £4m mortgage fraud

Twelve people, including three mortgage brokers, are currently standing trial for alleged mortgage fraud totalling £4m.

Witnesses are currently giving evidence at the trial, according to the Bournemouth-based Daily Echo.

The defendants include a conveyancing clerk, three mortgage brokers, seven property buyers and the wife of a broker. They are accused of inflating property prices and applying for mortgages higher than the value of the properties concerned.

Some of the eight properties involved were later repossessed, the court heard.

Amanda Powis, 44, is facing 17 charges of fraud, while Lee Smith, 32, Paul Morgan, 36, Maxine Gribben, 38, and Peter King, 43, are facing one charge of fraud.

Alex Chiswell, 33, is facing 10 charges of fraud while his wife Lisa Chiswell, 34, is facing two charges. Colin Zaczyk, 40, and Dermot O’Malley-Keyes, 60, are facing five charges each while Madeline O’Malley-Keyes, 59, is facing two charges. John Hudson, 51, and Robert Baird, 51, are facing two charges, respectively.



MEPs vote against Europe-wide Mifid II commission ban

The European Parliament has voted against a Europe-wide ban on commission in its Mifid II regulation. In the vote in Brussels yesterday, the Economic and monetary affairs committee fell short of proposing a commission ban and instead suggested a ban on investment firms remunerating their staff or assessing their performance in a way that might […]


Martin Wheatley: ‘We have barely got started’

Financial Conduct Authority chief executive designate Martin Wheatley has continued his hardline rhetoric saying the regulator “has barely got started” on its crackdown on misconduct, as he signals a greater emphasis on individuals being held to account. In an interview with The Independent, published today, Wheatley (pictured) told the newspaper: “We have barely got started.” […]

Standard Life Investments to launch EM debt fund

Standard Life Investments is launching an emerging market debt fund after it hired former Threadneedle head of emerging market debt Richard House. House joined SLI in April as head of emerging market debt alongside his two colleagues Mark Baker and Nicolas Jaquier, who joined as investment directors for global emerging market bonds. The firm does […]


Friends Life appoints interim replacement for Steve Casey

Friends Life has appointed Dave Matthews as interim head of marketing and intermediary proposition development. Matthews will take on Steve Casey’s role for the next six months. Last month it was announced Casey would replace Andy Milburn as head of marketing at Ageas. Friends Life is currently reviewing the structure of its marketing team. It […]


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