The Financial Conduct Authority (FCA) has secured confiscation orders totaling £305,284 against Raheel Mirza, Cameron Vickers, and Opeyemi Solaja for their involvement in an investment fraud. The amount reflects the entirety of their remaining assets.

Confiscation proceedings against a fourth individual, Reuben Akpojaro, have been postponed and will be addressed at a later date.

The recovered funds will be returned to victims as soon as possible. If the individuals fail to pay the confiscation orders, they could face prison sentences.

Between June 2016 and January 2020, the defendants engaged in a fraudulent scheme in which they cold-called members of the public, persuading them to invest in a shell company. They falsely claimed that the funds would be traded in binary options—a form of high-risk financial betting. In reality, the money was used to fund their personal lifestyles.

In 2023, the three individuals were convicted of investment fraud and sentenced to a combined total of 24 and a half years in prison.

Steve Smart, Executive Director of Enforcement and Market Oversight at the FCA, stated:

“We are committed to fighting financial crime, including denying criminals their ill-gotten gains. We’ve already successfully prosecuted these individuals for their part in a scam that conned 120 people out of their money. We’re now seeking to recover as much as we can for victims.”