Four go on trial over alleged £1.2m binary trading investment fraud

Four men at London-based Bespoke Markets Group face a two-month criminal trial at Southwark Crown Court next year, accused by the FCA of defrauding £1.2 million from investors by offering a binary options investment scheme.

By Neasa MacErlean

The four - Cameron Vickers, Raheel Mirza, Opeyemi Solaja (also known as Opeyemi Olaja) and Reuben Akpojaro - used the money "to fund their lifestyles, rather than the binary options investments that were advertised", according to the Financial Conduct Authority. The regulator banned binary options - a high-risk 'all-or-nothing' type of investment - for retail use in 2019. The four were charged with offences under section 19 of the Financial Services and Markets Act 2000 and the Proceeds of Crime Act 2002, as well as the common law offence of conspiracy to defraud.