Court orders £851,402 repayment after £1.5 million crypto fraud

  • FCA obtained confiscation orders against Raymondip Bedi and Patrick Mavanga.
  • £851,402.27 was ordered against losses of £1,541,799 suffered by investors.
  • Bedi and Mavanga received prison sentences in July 2025 after an FCA prosecution.

Raymondip Bedi and Patrick Mavanga were ordered to pay a combined £851,402.27 after at least 65 investors lost £1,541,799 in a fake crypto investment scheme. The FCA (UK financial services regulator) obtained confiscation orders requiring Bedi to pay £603,404.28 and Mavanga £247,997.99. The FCA has identified and contacted victims and plans to distribute money recovered through the orders, although the total repayment will be below the investors’ losses if only the ordered amount is collected. The orders followed prison sentences imposed in July 2025 after an FCA prosecution. Bedi received five years and four months, while Mavanga received six years and six months. The pair cold-called consumers between February 2017 and June 2019, promoting nonexistent crypto investment opportunities through companies including CCX Capital and Astaria Group LLP. Under the Proceeds of Crime Act 2002, they have three months to pay; failure could extend Bedi’s sentence by up to five years and Mavanga’s by up to two years.

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