FCA secures convictions against two individuals for £1.5m fraud

News Financial services Sanctions & Fines

Date: 7th Nov, 2024 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

"On £1.5m investment fraud", the FCA has secured convictions against two individuals, Raymondip Bedi and Patrick Mavanga, for their roles in defrauding at least 65 investors out of £1,541,799 between February 2017 and June 2019. The individuals lured investors with promises of high returns on crypto investments, but their schemes were found to be nothing but a callous scam.

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FCA secures convictions against two individuals for £1.5m fraud

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FCA secures convictions against two individuals for £1.5m fraud

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