FCA prosecutes 2 individuals for orchestrating a £1.5M cryptocurrency investment fraud that deceived 65+ victims through fake firms CCX Capital and Astaria Group LLP

Operating between 2017 and 2019, the duo lured victims via cold calls and fraudulent websites, claiming to offer legitimate crypto investments. Bedi was sentenced to 5 years and 4 months, while Mavanga received 6 years and 6 months, including time for tampering with evidence. The FCA hailed the convictions as a strong deterrent to financial criminals and confirmed that confiscation proceedings are ongoing to recover the stolen funds…