FCA charges two over unauthorised investment scheme

Alex Hope of Docklands, London and Raj Von Badlo of Bourne End, Buckinghamshire were charged with a total of ten offences relating to such a scheme. The investment scheme purported to carry out FOREX trading for the benefit of investors and is believed to have taken more than £5m from investors. The charges follow searches of addresses occupied by the two men that were conducted by the Financial Services Authority with the assistance of the City of London Police in April and May 2012. Both men were arrested at the time of, or shortly after, the searches being conducted. Both men...