The Financial Conduct Authority (FCA) has charged two individuals with 10 counts of offenses for an unauthorised investment scheme.
The two charged by the FCA for promoting and operating the unauthorised schemes are Alex Hope of Docklands, London, and Raj Von Badlo of Bourne End, Buckinghamshire.
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The scheme in question carried out FOREX trading and it took over GBP5 million from investors. The charges follow searches carried out by the FSA, with the assistance of the City of London Police, of the addresses that the two men occupied.
Both Hope and Von Badlo have been arrested.
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By GlobalData
