An individual has been charged for allegedly advising on and arranging mortgages without being authorised.
Peterson Okoh appeared in Westminster magistrates court on Wednesday after the Financial Conduct Authority (FCA) alleged a significant number of mortgage applications advised on and arranged by Okoh January 2018 and December 2023 contained false information or were supported by forged documents.
Okoh has been charged by the FCA with three counts of fraud by false representation and one count of carrying on regulated activities without authorisation. He has pleaded not guilty to all counts.
Carrying on a regulated activity in the UK without authorisation can be punishable by a fine or up to two years in prison.
The case has been sent to Southwark Crown Court for a plea and prial preparation hearing on 28 August 2024.
Okoh has been released on conditional bail with conditions of home residence, not to carry on acting as a mortgage adviser while unauthorised, and not to contact prosecution witnesses directly or indirectly pending his next appearance.
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