Broker banned for unauthorised work and theft
By
Joanne Atkin
9
th December 2020
4:59 pm
A mortgage broker has been banned from performing any regulated activity following working as an unauthorised adviser after serving a prison sentence for theft.
Shruti Patel was convicted in September 2009 at Leicester Crown Court. She was charged with three counts of theft, three counts of obtaining a money transfer by deception and one count of obtaining services by deception.
She obtained loans and mortgages fraudulently by using the names and data of two of her customers. The total amount she stole from various banks and other institutions was £169,000.