UK Jails Two for $2M Crypto Cold-Calling Scam

UK Jails Two for $2M Crypto Cold-Calling Scam

Two individuals have been sentenced to over 12 years in total for orchestrating a cryptocurrency investment scam that defrauded 65 investors through cold-calling tactics, according to the UK’s Financial Conduct Authority (FCA). Raymondip Bedi received a five-year and four-month sentence, while Patrick Mavanga was handed a six-year and six-month term. The sentencing followed guilty pleas to multiple counts, including conspiracy to defraud and ...

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