UK court sentences crypto fraudsters to 12 years in prison
A United Kingdom court has sentenced two men to prison for their alleged involvement in a crypto investment fraud worth over $2 million. According to the Financial Conduct Authority (FCA), the two men will serve a combined 12 years in prison for their part in the criminal scheme.
According to the report, the perpetrators, 35-year-old Ramondip Bedi and 40-year-old Patrick Mavanga cold-called their victims between February 2017 and June 2019, luring them to fake websites under their control. These websites promised their victims promises on lucrative returns on their crypto investments. The police reported that the pair were able to scam about 65 investors out of £1,541,799 (approximately $2,104,555). The criminals were said to…
