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UK Court Sentences Two Financial Fraud Cases Involving Over $3 Million
Summary: According to Decrypt, the Southwark Crown Court in the UK recently sentenced two financial fraud cases. Raymondip Bedi and Patrick Mavanga were sentenced to 5 years 4 months and 6 years 6 months respectively for defrauding 65 investors of $2.03 million through a fake cryptocurrency consulting company. In another case, siblings Redinel and Oerta Korfuzi ...
According to Decrypt, the Southwark Crown Court in the UK recently sentenced two financial fraud cases. Raymondip Bedi and Patrick Mavanga were sentenced to 5 years 4 months and 6 years 6 months respectively for defrauding 65 investors of $2.03 million through a fake cryptocurrency consulting company. In another case, siblings Redinel and Oerta Korfuzi illegally profited $1.35 million using insider information and were sentenced to a total of 11 years in prison. The UK Financial Conduct Authority (FCA) stated that they will continue to combat financial crimes that undermine market integrity.
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Link: UK Court Sentences Two Financial Fraud Cases Involving Over $3 Million [Copy]
