FCA Secures £851,000 Confiscation Orders for Crypto Fraud Victims

Victims of £1.5m crypto scam to get money back

Result of confiscation order by the FCA

FCA Takes Action on Crypto Fraud

The latest update from the FCA; Victims of a £1.5m crypto investment fraud will recover lost funds after the Financial Conduct Authority obtained confiscation orders against Raymondip Bedi and Patrick Mavanga.  At a hearing at [...] The post FCA Takes Action on Crypto Fraud appeared first on .

FCA Wins £851K Confiscation Orders for Crypto Fraud Victims

The Financial Conduct Authority has obtained confiscation orders totalling £851,402.27 against Raymondip Bedi and Patrick Mavanga, two men jailed for a crypto investment fraud that cost at least 65 investors £1,541,799. At a Southwark Crown Court hearing on 28 September, Bedi was ordered to pay £603,404.28 and Mavanga £247,997.99, according to the FCA statement. The regulator said funds recovered through the confiscation process will be returned…

FCA Secures £850,000 for Victims of £1.5 Million Crypto Fraud Scheme

The UK’s Financial Conduct Authority (FCA) has secured confiscation orders worth more than £850,000 to compensate victims of a cryptocurrency investment fraud that caused losses of about £1.5 million.  The orders were issued against Raymondip Bedi and Patrick Mavanga following a case involving fraudulent crypto investment schemes operated through companies including CCX Capital and Astaria […] Read The Full Article FCA Secures £850,000 for Victi…

FCA secures £851,000 confiscation orders in crypto fraud case

Victims of a £1.5m crypto investment fraud are set to recover some of their losses after the Financial Conduct Authority secured confiscation orders against two men.

FCA Secures £851,000 Confiscation Orders for Crypto Fraud Victims

The UK Financial Conduct Authority has secured confiscation orders worth £851,402 following a £1.54 million cryptocurrency investment fraud. If the full amount is recovered, it would cover about 55% of the losses reported by at least 65 investors. Southwark Crown Court ordered Raymondip Bedi to pay £603,404.28 and Patrick Mavanga to pay £247,997.99. However, at this stage the orders do not mean that investors have already received the money. The…