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Home 5 Announcement 5 UK court sentences three for binary options scam

UK court sentences three for binary options scam

Important announcement As part of our ongoing efforts to protect investors from fraudulent schemes, the Refundaroo team is closely monitoring developments in the financial industry. In a recent court ruling,…...

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Publish Date

April 8, 2023
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Important announcement

As part of our ongoing efforts to protect investors from fraudulent schemes, the Refundaroo team is closely monitoring developments in the financial industry. In a recent court ruling, individuals associated with Bespoke Markets Group (BMG) have been found guilty of orchestrating a binary options scam, defrauding approximately 120 investors of £1.2 million.

The court convicted Cameron Vickers, Raheel Mirza, and Opeyemi Solaja of conspiracy to defraud investors through BMG, a London-based company. Mirza faced additional charges of ‘perverting the course of justice,’ while Reuben Akpojaro was found guilty of conducting unauthorized investments. However, Akpojaro was acquitted of conspiracy to defraud and money laundering charges.Vickers, identified as the ‘trading floor manager’ who solicited investments, and Solaja, who handled investors’ funds, received prison sentences of seven and a half years each. Mirza, responsible for establishing and operating BMG offices, was sentenced to eight years in jail. Meanwhile, Akpojaro awaits sentencing.

The Refundaroo team is currently assessing whether individuals affected by the BMG scam may have a case for a refund. If you have been impacted by this fraudulent scheme, we encourage you to reach out to our team. We are here to provide assistance and explore options for recovering your lost funds.Fraudulent schemes like BMG highlight the importance of vigilance and due diligence when investing. As part of our commitment to investor protection, Refundaroo remains dedicated to helping victims of financial scams seek justice and restitution. Contact us today to learn more about how we can assist you.

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