The UK Financial Conduct Authority (FCA) has started criminal proceedings against four individuals for conspiracy to commit fraud and for conspiracy to carry out regulated activity without authorisation, against two of those individuals for money laundering, against one of those individuals for possession of false identity documents and perverting the course of justice offences.
The FCA alleges that over a 2-year period between February 2017 and June 2019, Raymondip Bedi, Patrick Mavanga, Nicholas Harper, and Rowena Bedi defrauded investors out of approximately £1.4 million using investment schemes that were not genuine. Those investment schemes were with:
- Astaria Group LLP;
- An unauthorised clone of Capital…
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