FCA bans former BlackRock director for dodging train fares

The Financial Conduct Authority (FCA) has banned former BlackRock managing director Jonathan Burrows for dodging rail fares worth £43,000.

The regulator said it had banned Burrows for not behaving in a "fit and proper" manner, after being caught evading paying his train fares over several years. It was revealed that Burrows avoided paying his fare for five years, saving as much as £43,000 in the process. Instead of buying an annual season ticket costing £4,500 a year or purchasing a daily ticket worth £21.50, Burrows would avoid buying a valid ticket at his home station and used his Oyster card at the end destination to pay just £7.20 a day. The former BlackRock director was stopped by a Revenue Protection Officer at ...