The Court of Appeal yesterday dismissed an appeal against sentence brought by Raj Von Badlo.
In January 2015, following earlier guilty pleas, Von Badlo was sentenced to a total of 2 years’ imprisonment by HHJ Taylor at Southwark Crown Court for recklessly making false representations to investors and promoting a collective investment scheme without authorisation. The scheme that he recklessly promoted resulted in dozens of investors being defrauded of significant sums.
The FCA has initiated confiscation proceedings. Those proceedings and the making of any other financial orders are yet to be determined.
The sentencing press release: Alex Hope and Raj Von Badlo sentenced following FCA prosecution.