The UK financial services watchdog, The Financial Conduct Authority is set to seize £293,726 from a group of financial fraudsters after securing and updated confiscation order against one of the group’s members.
The FCA said in a statement that it has secured a confiscation order against Reuben Akpojaro for his role in the investment fraud. In May 2025, the FCA secured confiscation orders against Raheel Mirza, Cameron Vickers and Opeyemi Solaja, following their roles in the investment fraud.
They were originally asked to pay £305,284, however Vickers has now made a successful application to reduce his confiscation order, the FCA said. As a result the four individuals will now pay back £293,726.
The FCA has already successfully prosecuted the individuals for their part in a scam that conned 120 people out of their money.
Between June 2016 and January 2020, the defendants cold called people to convince them to invest in a shell company. The group claimed to trade their client’s money in a type of fixed odds financial betting system known as binary options, but instead the money was actually used to bankroll their lifestyles.
In 2023 they were convicted and sentenced to a combined 24 and a half years for investment fraud. The FCA said investors would be paid back at the “earliest opportunity”.
