Cold call crypto fraudsters sentenced to a combined 12 years imprisonment
Two individuals have been sentenced to a combined 12 years of imprisonment for their roles in a £1.5m crypto fraud following a prosecution brought by the FCA.
Editorial
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Between February 2017 and June 2019, Raymondip Bedi, of Bromley, and Patrick Mavanga, of Peckham, cold-called victims and sold fake investments in crypto. At least 65 investors were defrauded and lost £1,541,799.
Bedi has been sentenced to five years and four months and Mavanga received a six-and-a-half year sentence.
In reading out the verdict at Soouthwark Crown Court, Judge Griffiths remarked that Bedi and Mavanga “were both leading…
