FCA wins confiscation orders against two men convicted over £1.5m crypto fraud
The FCA has secured Proceeds of Crime Act confiscation orders against two men already jailed for a cold-calling cryptoasset investment scam. This item covers what each must repay, the enforcement timeline, and the mechanism by which victims recover losses — a reminder of how long the asset-recovery tail runs after conviction.
- Southwark Crown Court ordered Bedi to pay £603,404.28 and Mavanga £247,997.99 on 28 September 2026.
- At least 65 investors lost £1,541,799 in a scheme run via CCX Capital and Astaria Group LLP between February 2017 and June 2019.
- Non-payment within three months exposes Bedi to up to five further years' imprisonment and Mavanga up to two.