FSA bans three brokers for fraud

Two of the brokers have been fined £294,500 and £120,000, while the third escaped a fine due to declaring bankruptcy. The brokers are John Charalambous, director of The Financial Associates in Sidcup, Kent; Richard Granville Greenland, of Beckenham in Kent, an approved person of the small mortgage broker Guardian; and Michael Adam Goldman, of Goldman Group in Manchester. FSA investigations into each individual revealed serious mortgage fraud and all three were found to have failed to act with honesty and integrity. Charalambous has been fined £294,500 for taking part of a customer'...