FCA confiscates more than £300,000 from convicted fraudsters

Faced charges for £1.2m investment fraud in 2023

Isabel Baxter
clock • 1 min read

The Financial Conduct Authority (FCA) has secured confiscation orders of £305,284 against Raheel Mirza, Cameron Vickers and Opeyemi Solaja for their roles in an investment fraud.

This amounts to all their remaining assets, the regulator confirmed in an update today (14 May). The confiscation proceedings for Reuben Akpojaro have been adjourned to a later date. The FCA said the money will be returned to investors "at the earliest opportunity" and warned that failure to pay can lead to imprisonment.  Vickers, Mirza and Solaja (aka Opeyemi Olaja) ran a London-based company called Bespoke Markets Group which defrauded £1.2m from UK investors. Between June 2016 and January 2020, the defendants were found guilty of cold calling people to convince them to invest...

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Isabel Baxter
Author spotlight

Isabel Baxter

News editor at Professional Adviser

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