Chianelli, who traded as GCM, also failed to co-operate with the FSA by refusing to provide his customers’ mortgage files, thereby preventing the FSA from assessing whether he was also knowingly involved in the submission of false and misleading mortgage applications for his customers.
Margaret Cole, FSA enforcement director, said: "Chiannelli’s explanation about his income on his mortgage application was not acceptable.
"Nor was his blatant refusal to make his client files available for scrutiny by the FSA. Our crackdown on mortgage fraud continues as a priority in our campaign against financial crime.
"We have banned more than 50 mortgage brokers over the last two and a half years.
"We will continue to ban such people to get across the message that giving false and misleading information to prospective lenders is dishonest."
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