London banker banned from working in financial services after being caught dodging rail fares

A London banker has been banned from working in the financial services industry after he was caught dodging rail fares.

The Financial Conduct Authority said in a statement Monday that Jonathan Burrows has been banned for not being "fit and proper."

Burrows had avoided tens of thousands of pounds in fares.

The former BlackRock director would board a train at Stonegate for his daily commute and, after arriving at London's Cannon Street, pay only 7.20 pounds for the journey, instead of the full 21.50 pounds price that was required for that journey. Burrows paid 43,000 pounds in an out-of-court-settlement with Southeastern railways.

He was finally caught by inspectors at Cannon Street station last year.