Crooked Agent Banned After Mortgage Fraud

Posted: 21/6/2016


A Welsh estate agent who avoided jail in has been banned from the industry by Trading Standards. Three people who were not involved in estate agency work but in the fraud have also been banned from the industry.

It is thought that this is the first time this has happened.

Ben Pickering, Mark Cainen and Paul John have been banned by the regulator, the National Trading Standards Estate Agency Team.

Banned alongside them is Emma Davey, who was an agent.

All four were involved in a £5m mortgage fraud across south Wales.

Pickering was a film maker and former Tory parliamentary candidate for Swansea, while Cainen was a property developer, and John a mortgage adviser.

Pickering was jailed for six years, Cainen for eight, and John for three years and four months, while Davey was given a 12-month prison sentence suspended for two years plus 200 hours of unpaid work.

They were convicted in December 2014.

Under the Estate Agents Act, non-agents can be banned from the industry in certain circumstances. However, warning orders can only be issued to those who are already agents.


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