# UK Court Orders Crypto Fraudsters to Pay £851,402 in Confiscation Orders By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/25614 Published: 2026-09-30T03:33:58.000Z Updated: 2026-09-30T03:33:58.000Z Section: Regulation > Raymondip Bedi and Patrick Mavanga have three months to pay after a crypto investment fraud affected at least 65 investors and caused £1,541,799 in losses. A U.K. court ordered two convicted fraudsters to pay a combined £851,402.27 in confiscation orders after a crypto investment scheme defrauded at least 65 investors of £1,541,799. Raymondip Bedi was ordered to pay £603,404.28, while Patrick Mavanga was ordered to pay £247,997.99. Recovered funds will be returned to affected investors through the confiscation process. The Southwark Crown Court orders followed convictions tied to a scheme that operated from February 2017 through June 2019. The men used cold calls to promote fake cryptoasset investment opportunities through companies including CCX Capital and Astaria Group LLP. The confiscation orders were made under the Proceeds of Crime Act 2002. Each order is limited to the defendant’s criminal benefit or available assets, whichever is lower. Bedi was sentenced to five years and four months in prison in July 2025. Mavanga received a six-year, six-month sentence. The men have three months to pay. Failure to do so could add up to five years to Bedi’s sentence and up to two years to Mavanga’s. “Bedi and Mavanga defrauded investors and left them out of pocket. These orders bring victims a step closer to getting money back,” Steve Smart, joint executive director of enforcement and market oversight at the Financial Conduct Authority (FCA), said. Smart added, “We’ll keep coming after fraudsters and holding them to account.” The FCA has identified and contacted the affected investors. The court’s latest orders follow [an earlier report on the repayment case](). ## Links in this article - [an earlier report on the repayment case](https://www.tokenpost.com/news/regulation/24987)