The UK court ruled on two financial fraud cases involving more than 3 million dollars

ChainCatcher news, according to Decrypt, the Southwark Crown Court in the UK recently ruled 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 through a fake cryptocurrency consulting company.

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