Tony Sanham was sentenced on 13 October 2011 to four-and-a-half years imprisonment for his part in arranging 43 fraudulent mortgages worth more than £8m.
The conviction was part of a wider case involving Warren Dunton who placed bets for high profile sports figures but creamed off either part of the stake or gave less favourable odds and kept the extra winnings.
Dunton obtained three mortgages via Sanham by declaring false income and employment details.
The FSA concluded Sanham is not a fit and proper person to perform any functions as his conduct demonstrates a “lack of honesty and integrity”.
Specifically, the FSA said in its final notice, Sanham was convicted of one count of conspiracy to defraud, contrary to common law, and one count of dishonestly making false representation to make gain for himself or cause loss to another or expose another to risk.
Sanham has not referred the matter to the Upper Tribunal.
