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65 Investors Duped in UK Crypto Scam Promising ‘Easy Profits’

  • Raymondip Bedi and Patrick Mavanga received over five and six years in prison for a crypto scam involving 65 investors in the UK.
  • The scam involved cold-calling investors and luring them into a fake digital asset platform promising high returns with no actual trading activity taking place.
  • Investors were misled with false promises of risk-free profits, leading to losses amounting to thousands of pounds for some victims.
  • The Financial Conduct Authority (FCA) warns the public to be cautious of unsolicited investment offers and to verify firms before investing in the crypto space.

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