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FSA bans mortgage broker linked to celebrity gambling scam
by Alex Steger on Jan 29, 2013 at 09:50
The Financial Service Authority (FSA) has banned a former mortgage broker who was jailed last year for arranging 43 fraudulent mortgages worth £8 million.
In April 2012 Tony Sanham, who formerly traded as Tony Sanham Associates, pleaded guilty to the offences which saw him act as a facilitator for fraudster Warren Dunton who placed bets for high profile sports stars including Stoke City winger Matthew Etherington.
Dunton, from Essex, was jailed for 18 months in March 2012 after he obtained three ‘non status mortgages’ in 1999, 2002 and 2007 by declaring false income and employment details.
Dunton claimed his income came from gambling and was tax free yet analysis showed that in one of the mortgage applications, in 2007, Dunton declared he was employed as a quantity surveyor earning £127,000.
Dunton placed bets on behalf of clients, including £800,000 for Etherington, but would either keep part of the stake money for himself or give odds that were less favourable than he could get elsewhere, which would then allow him to pocket the ‘extra’ winnings.
An investigation by the Serious Organised Crime Association (Soca) showed that Dunton purchased three consecutive houses in Essex using a network of ‘professional’ facilitators, including Sanham as a mortgage broker, alongside conveyancer Paul Reader and his partner Catherine Ferguson.
All three provided false payslips, P60s, employment details and conveyancing for a number of ‘clients’.
Further analysis by Soca showed that Reader obtained his own fraudulent mortgages through Sanham.
The Soca investigation was in partnership with the FSA and Essex Police.
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by Michelle Abrego on Dec 10, 2013 at 15:52