Analysis · Regulation & Policy
The SEC, FCA, and CPS secure over $9.5 million in combined judgments and confiscation orders against BitConnect promoters, cold-call fraudsters, and a corrupt law enforcement officer.
Key point 1 of 3
01
The SEC secured final judgments totaling over $5.7 million against BitConnect promoters Michael Noble, Craig Grant, and Trevon Brown for unregistered sales.
Key point 2 of 3
02
The UK FCA obtained confiscation orders of over £850,000 against Raymondip Bedi and Patrick Mavanga to compensate 65 victims of a cold-calling fraud.
Key point 3 of 3
03
A former UK NCA officer was ordered to pay £1.8 million after stealing 50 Bitcoin from a seized wallet, with the penalty reflecting BTC's price appreciation.
Context
These enforcement actions represent the culmination of multi-year investigations dating back to offenses committed between 2017 and 2019.
Why it matters
Dozens of retail victims of the CCX Capital fraud will receive restitution from the FCA. Meanwhile, the judgments against the BitConnect promoters and the corrupt NCA officer…
What to watch
The next key milestone is the late December 2026 deadline for Raymondip Bedi and Patrick Mavanga to pay their respective confiscation orders or face additional prison time.
Sources
Built from 3 primary sources, machine-checked before publication.
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