A London banker who was caught regularly avoiding to pay his train fare to commute from Stonegate each morning, has been banned from working in the financial services industry.
BlackRock director Jonathan Paul Burrows had hoped to buy his anonymity by paying Southeastern Railway the full £42,550 he owed in an out-of-court settlement in April, but his name has now been released.
Over a period of five years, Burrows consistently avoided “tapping in” at Stonegate in Sussex with his Oyster card each morning and only “tapped out” at London Bridge, therefore paying £7.20 rather than £21.50 for a single or £39.60 for a daily return ticket.
Burrows was caught by inspectors at Cannon Street last year, and admitted to avoiding paying the full fee.
In response to his actions, the Financial Conduct Authority (FCA) has “banned Jonathan Paul Burrows from performing any function in relation to any regulated activities for not being fit and proper”.
Tracey McDermott the FCA’s director of enforcement and financial crime, commented:
“Burrows held a senior position within the financial services industry. His conduct fell short of the standards we expect. Approved persons must act with honesty and integrity at all times and, where they do not, we will take action.”
1 Comment
Hi,
“Train fare-dodging banker banned from the City”. If I remember correctly Mr. Osborne belongs to this category.