A man who enticed dozens of investors to inject millions into a trader's fraudulent scheme has had an appeal against his two-year prison sentence dismissed by the Court of Appeal.
In January, following earlier guilty pleas, Raj Von Badlo was sentenced to a total of two years' imprisonment by HHJ Taylor at Southwark Crown Court for making false representations to investors and promoting a collective investment scheme without authorisation. The foreign exchange trading scheme Von Badlo "recklessly" promoted, which was run by his co-defendant Alex Hope, who has been sentenced to seven years in prison, resulted in dozens of investors being defrauded of millions. The Court of Appeal rejected Von Badlo's appeal against sentence on 18 June. The Financial Conduct Au...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
