Former Apprentice star escapes jail after mortgage frauds
Monday 31st January 2011
Former ‘Apprentice’ contestant and mortgage broker Christopher Farrell has escaped jail after pleading guilty to four charges of mortgage fraud.
Farrell, 29, received a nine-month prison sentence, suspended for two years, for doctoring applications in order to hit sales targets He must also do 200 hours of community service.
Farrell worked as a mortgage and insurance adviser with Mortgages for Plymouth between November 2007 and August 2009.
He had altered payslips or P60 forms during his time there to inflate the earnings of his clients to ensure their mortgages would be approved.
In one instance, he inflated a client’s salary from £40,000 a year to £120,000.
His clients were unaware of the fraud taking place.
He pleaded guilty at Plymouth magistrates court in December, and has now been sentenced at Plymouth Crown Court.
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