FCA wins confiscation orders against two men convicted over £1.5m crypto fraud
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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.
Executive summary
The FCA has obtained confiscation orders against Raymondip Bedi and Patrick Mavanga at a hearing at Southwark Crown Court on 28 September 2026. Bedi was ordered to pay £603,404.28 and Mavanga £247,997.99. The regulator said funds recovered through the confiscation…
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Source documents
https://www.fca.org.uk/news/press-releases/fca-secures-money-back-victims-crypto-fraudRead by Regulus 12 Oct 2026 at 07:57 UTC
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