Ex-BlackRock fare dodger hits back at 'exaggerated' claims

clock

The former BlackRock executive who paid £43,000 compensation for dodging train fares has said reports of his wrongdoing have been exaggerated.

Jonathan Burrows was given a life ban by the Financial Conduct Authority (FCA) after reaching an out-of-court settlement with Southeastern trains after dodging fares for five years between 2008 and 2013. However, Burrows has now said that the settlement did not reflect the scale of his fare avoidance, insisting that amount equated to “hundreds, not thousands, of pounds”, according to City AM. Burrows added that for most the period in question he walked to work from a rented property in London. Earlier this month Chartered Institute for Securities and Investment (CISI) chief executi...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Trustpilot