UK FCA Investment Fraud

On Feb. 5, 2019, UK FCA announced Virdee sentenced to 2 years imprisonment
suspended for 2 years, and ordered to do 300 hours unpaid work in community.

  • FCA has obtained financial restraint order, against Mr Virdee’s remaining assets.
  • Will pursue confiscation proceedings, go some way to compensating the victims.


Alleged Violations

  • Virdee, through Dynamic UK Trades Ltd, promoted a UK deposit taking scheme.
  • Marketed scheme as an ‘investment package’, without authorization from FCA.
  • Investors were misled into depositing approximately £600k in funds to scheme.