UK Judge Jails Duo for £1.5M Crypto Fraud Scheme

UK Court Sentences Two Men Over $2 Million Crypto Scam – MAXBIT

A British court sentenced two men, Raymondip Bedi and Patrick Mavanga, to a combined 12 years in prison for crypto scams netting them over $2 million. Authorities are trying to recover funds for at least 65 victims. The FCA (Financial Conduct Authority), a key British fiscal regulator, prosecuted this case. In the last month, it...

Crypto fraudsters get jail in U.K.

Pair sentenced in connection with a boiler room scheme The post Crypto fraudsters get jail in U.K. appeared first on Investment Executive.

UK Judge Jails Duo for £1.5M Crypto Fraud Scheme

A UK judge has handed down a combined 12-year prison sentence to two men for their roles in a £1.5 million cryptocurrency fraud. Raymondip Bedi and Patrick Mavanga, who cold-called victims and directed them to a professional-looking website offering high returns for fake investments, have been sentenced to 5 years and 4 months, and 6 years and 6 months respectively. Between 2017 and 2019… Source

Two jailed over £1.5m crypto investment scam

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NEWS: Two scammers jailed for 12 years after £1.5M crypto fraud - AML Intelligence

This content is for members only. Visit the site and log in/register to read. The post NEWS: Two scammers jailed for 12 years after £1.5M crypto fraud appeared first on AML Intelligence.

Pair Sentenced to Jail for $15M Crypto Fraud Scheme | Fintech InShorts: Latest fintech news, analysis by experts

A Deep Dive into the Conviction of Cryptocurrency Fraudsters Highlights: Two individuals were sentenced to jail for orchestrating a $15 million cryptocurrency fraud scheme. The fraud involved deceiving investors with false promises and fabricated profits in the crypto market. Law enforcement agencies continue to crack down on cryptocurrency-related fraud and scams. This article discusses the sentencing of two individuals involved in a substanti…