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

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...