Anti-Financial Crime & Financial Crime Compliance
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Financial Crime, Fraud, UK

NEWS: Two scammers plead guilty to £1.5M cold-calling crypto fraud

BY PAUL O’DONOGHUE, Senior Correspondent

Two fraudsters have pleaded guilty to their roles in a £1.5 million investment scam, following a prosecution by the UK’s Financial Conduct Authority (FCA).

Between February 2017 and June 2019, Raymondip Bedi and Patrick Mavanga defrauded at least 65 investors, swindling £1.54 million ($2 million).

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