UK regulators seized £300,000 from fraudsters who defrauded investors in a binary options scam.

The UK's Financial Conduct Authority (FCA) has confiscated £305,284 from three fraudsters—Raheel Mirza, Cameron Vickers, and Opeyemi Solaja—who defrauded investors of £1.2 million between 2016 and 2020. The funds will be returned to victims. The fraud involved cold-calling potential victims and operating under a shell company. If the fraudsters fail to pay, they could face additional prison time.