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Mortgage Fraud

Reference: VE036

Appointment Type: Party appointed expert

Service Area: Criminal and Regulatory

Industry: Other

Litigation Type: Criminal

Size of Case: £500,001 - £2.5 million

Defendant was a licensed mortgage broker. When his license with the FCA lapsed, he continued to act as an unlicensed mortgage broker, brokering over 250 mortgage applications through his sole trader business. This allowed his co-defendants and others to fraudulently obtain mortgages, whereby the applicants income was inflated and false employment declared, supported by fraudulent payslips, false payrolls and doctored bank statements provided by the Defendant. The Crown calculates that during the period of offending, the Defendant received nearly £1.2 million for his services.