Alex Hope and Raj Von Badlo sentenced following FCA prosecution

[Legal Beagles]

Having been convicted on 9 January 2015 following a trial, Alex Hope was today sentenced at Southwark Crown Court to a total of 7 years’ imprisonment for defrauding investors of significant sums and operating a collective investment scheme without authorisation.

http://www.fca.org.uk/news/alex-hope...ca-prosecution

[Kati]

Re: Alex Hope and Raj Von Badlo sentenced following FCA prosecution

.....

In total, over 100 investors entrusted Hope with over £5.5 million. The scheme was closed down by the FCA in April 2012. As a result of the work of the FCA, approximately half of the amount taken from investors was identified and frozen.

1. Hope was sentenced to 7 years for fraud and 16 months imprisonment for the section 19 offence, both to run concurrently.
2. Von Badlo was sentenced to 2 years for recklessly making false or misleading statements and 12 months imprisonment for communicating an invitation or inducement to engage in regulated activity, both to run concurrently.
3. All remaining counts on the indictment were ordered to lie on the file.
4. All sentences were passed on 30 January 2015.
5. The sentence imposed in relation to Hope equals the longest imposed as a result of any FCA or FSA prosecution.