FIN.

Individuals sentenced to combined 12 years imprisonment for crypto fraud

Raymondip Bedi and Patrick Mavanga have been sentenced to a combined 12 years imprisonment for their involvement in a �1.5m crypto fraud conducted between February 2017 and June 2019, involving them cold calling victims to sell them fake investments in crypto.

Bedi was sentenced to 5 years and 4 months, while Mavanga received 6 years and 6 months.

The sentencing follows convictions achieved by the FCA late in 2024. Confiscation proceedings aiming to recover the proceeds from the fraud are ongoing.

Laura Wiles