CoinVoice has recently learned that, according to Decrypt, the Southwark Crown Court in the UK has made rulings on two financial fraud cases. Raymondip Bedi and Patrick Mavanga were sentenced to 5 years and 4 months, and 6 years and 6 months respectively, for defrauding 65 investors of 2.03 million dollars through a fake cryptocurrency consulting company.

In another case, siblings Redinel and Oerta Korfuzi illegally profited 1.35 million dollars using insider information and were sentenced to a combined 11 years in prison. The UK's Financial Conduct Authority (FCA) has stated it will continue to combat financial crimes that undermine market integrity. [Original link]