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.

The Serious Fraud Office (SFO) has launched its first major crypto investigation into suspected fraud in a case connected to a hedge fund.

Two individuals have been sentenced to a combined 12 years in jail for their roles in a £1.5m crypto fraud.