FCA secures money back for victims of crypto fraud

REGULATORY DECISIONFCA secures money backfor victims of crypto fraud42IMPORTANCECLOSED2NEWS MEDIA2PIECESSep 28, 2026 13:13blockboard.net

The FCA secured confiscation orders at Southwark Crown Court on 28 September 2026 against Raymondip Bedi and Patrick Mavanga over a £1.5 million crypto investment fraud. The orders total £851,402, with Bedi ordered to pay £603,404.28 and Mavanga £247,997.99.

What this rests on

Claim by claim, with its source
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At Southwark Crown Court on 28 September 2026, confiscation orders were made against Raymondip Bedi and Patrick Mavanga in connection with a £1.5 million crypto investment fraud.
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Bedi was ordered to pay £603,404.28.

What it means

Who it affects, what changes and what is still unconfirmed

Each sentence links inside to the piece that supports it.

People affected by the fraud may see money returned through the confiscation orders made at Southwark Crown Court on 28 September 2026. The order names Raymondip Bedi and Patrick Mavanga and sets out repayment amounts tied to the case involving a £1.5 million crypto investment scam.

Market reaction

BT Bitcoin market event: it is read against the reference from 2 h before to 4 h after the line marks the first headline
published
+0.59 % before publication
+0.14 % after
$83,478price at publication
12series points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

How the story was built

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Sep 28 13:13
UK Financial Conduct Authority scoop our clock
Breaks the event: $1.5M and $1.5M
+6 h 19 m
Sep 28 19:33
Crypto Economy context
Its angle: institutional, highlighting, unauthorized

Has this happened before?

Nothing comparable yet.