Pair jailed for £1.5m crypto fraud
A UK judge has sentenced two men to a combined 12 years in prison for a £1.5 million cryptocurrency fraud.
Editorial
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Between 2017 and 2019, Raymondip Bedi and Patrick Mavanga cold-called victims, directing them to a professional-looking website where they were offered high returns for fake investments in crypto. At least 65 investors were defrauded and lost £1,541,799.
The men, along with two other people, were charged in 2023 and pled guilty following a prosecution brought by the Financial Conduct Authority. Bedi has now been sentenced to 5 years and 4 months and Mavanga to 6 years and 6…
