Victims of a £1.5m crypto investment fraud will be able to recover lost funds after the FCA obtained confiscation orders against Raymondip Bedi of Bromley and Patrick Mavanga of Peckham, who were jailed for a combined 12 years for their roles in the scam.

Concept Capital Group, which is accused of running a £23m unauthorised collective investment scheme (UCIS), has gone into administration.

The FCA has begun High Court proceedings against a number of individuals and companies over an alleged unauthorised investment which saw £23m of consumers' money invested in static homes.