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Two residents of the Great London were sentenced to more than ten years behind bars after they cheated dozens of investors more than $ 2 million Annual crypto schemeNew press release from the Office for Financial Behavior (FCA).
Krypto Conmen sent to prison
According to the British financial guard dog Friday’s press releaseRaymondrip Bedi and Patrick Mavang have been sentenced to more than five years and six years in prison for organizing a digital asset scheme worth several million dollars.
“Bedi and Mavanga ruthlessly cheated on dozens of innocent victims, and it is right that they received these imprisonment,” said Steve Smart, a joint executive director for recovery and market supervision of FCA.
“Criminals must be clear that the costs of committing a crime are and we will try to get them to pay,” he added.
FCA exhibits a London crypto scheme
Between February 2017 to June 2019 Bedi and Mavanga cheated at least 65 investors Of the total number of $ 1,541,799, almost equivalent to $ 2,100,000.
According to a press release from November 2024Bedi and Mavanga for cold, aimed consumers to direct them to a website offering crypto investment opportunities.
In fact, the web and its supposedly Cryptocurrency offer with high return They were simulated for their own financial profit.
Bedi confessed to the conspiracy to cheat, conspiracy for violating a general prohibition according to the Act on Financial Services and Markets of 2000 and offenses for money laundering at 2023.
Meanwhile, Mavanga admitted guilty of plot to cheat, conspiracy for breach of a general prohibition under the financial services and markets of 2000 and possession of false identification documents with incorrect intention in June 2023.
“Bedi and Mavanga attracted investors with promises of high yields from crypto investment, but their programs were nothing but heartless fraud,” Smart said at that time in a statement.
“If you are contacted from blue for an investment opportunity that sounds too good to be true, then it probably is,” he continued. “If you have doubts – don’t invest.”
Contribution London duo imprisoned for a crypto scheme of $ 2 million He appeared for the first time Cryptonews.
