FCA secures money back for victims of crypto fraud
By FCA
AI summary of the source article
The FCA has obtained confiscation orders against Raymondip Bedi and Patrick Mavanga totaling over £851,000 following a £1.5m crypto investment fraud. The fraudulent scheme cold-called consumers to invest in fake cryptoasset opportunities, defrauding at least 65 investors between 2017 and 2019. Recovered funds will be returned to victims, and the defendants face additional prison time if they fail to pay within three months.