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[CRIME] · United Kingdom · 3 sources

started · updated

Part of situation: Legal actions regarding financial fraud and liability (2 clusters)

UK courts order significant repayments in multiple fraud cases

fraud conviction asset recovery crypto investment scam solicitor misconduct Proceeds of Crime Act

Multiple legal actions in the United Kingdom have resulted in significant financial recovery and sentencing for various fraud cases.

In one instance, Parmjit Dhami was ordered to pay £265,000 through civil recovery proceedings. This follows a previous £146,150 confiscation order related to a fraudulent mortgage used in 2010 to purchase a property in Ilford.

In a separate crypto-related case, Southwark Crown Court ordered two fraudsters, Raymondip Bedi and Patrick Mavanga, to pay a combined £851,402.27 in confiscation orders. The scheme, which operated between 2017 and 2019, defrauded at least 65 investors of approximately £1.54 million through fake investment opportunities.

Additionally, conveyancing solicitor Fiona Parsons has been struck off and sentenced to 30 months in prison. Parsons was convicted of fraud by abuse of position after directing clients to pay nearly £250,000 into her personal bank account over a six-year period.

Entities

Crown Prosecution Service · Financial Conduct Authority · Fiona Parsons · Parmjit Dhami · Solicitors Disciplinary Tribunal

Claims

What the coverage asserts, and how many sources carry each claim.

  • [○ 1 SOURCE] The Financial Conduct Authority has identified and contacted investors affected by the crypto fraud scheme. www.tokenpost.com
  • [○ 1 SOURCE] Fiona Parsons was convicted of fraud by abuse of position and sentenced to 30 months in prison. todaysconveyancer.co.uk
  • [○ 1 SOURCE] Two fraudsters were ordered to pay £851,402.27 in confiscation orders following a crypto investment scheme that defrauded at least 65 investors of £1,541,799. www.tokenpost.com
  • [○ 1 SOURCE] The Crown Prosecution Service recovered £265,000 through civil recovery proceedings regarding a property in Ilford. www.braintreeandwithamtimes.co.uk
  • [○ 1 SOURCE] Fiona Parsons was struck off as a solicitor after misappropriating approximately £249,459 from clients by directing payments to her personal account. todaysconveyancer.co.uk
  • [○ 1 SOURCE] Parmjit Dhami used false business and income information to secure a mortgage in 2010 for a property in Ilford. www.braintreeandwithamtimes.co.uk

Sources

Fraudster ordered to pay £265,000 over property bought with fraudulent mortgage [www.braintreeandwithamtimes.co.uk]
UK Court Orders Crypto Fraudsters to Pay £851,402 in Confiscation Orders | TokenPost [www.tokenpost.com]
Solicitor jailed for stealing nearly £250k from clients is struck off [todaysconveyancer.co.uk]