Financial services ban for reverend

A Pentecostal reverend has been banned from working in financial services after using the credit union he founded to issue fraudulent loans worth £1.2 million.

Reverend Carmel Jones MBE, director of the Pentecostal Credit Union (TPCU), issued loans under its members' names - in one case without their knowledge - and channelled the funds to an unnamed church organisation, the City regulator said.
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