FCA Takes Legal Action Over Alleged £23M Unauthorised Investment Scheme

The UK’s Financial Conduct Authority (FCA) has initiated High Court proceedings against Concept Capital Group (CCG), two associated companies, and several individuals, alleging involvement in an unauthorised investment scheme linked to more than £23 million in consumer funds.

CCG reportedly promoted investments in static homes, which were marketed as being leased to social housing tenants placed by local councils. According to the FCA, investors were promised fixed returns and falsely assured that the scheme was backed by the UK Government.

The FCA alleges the scheme functioned as an unauthorised collective investment scheme, with CCG conducting regulated activities without the necessary regulatory approval. The watchdog further alleges that CCG issued unauthorised financial promotions and made false or misleading statements and/or impressions to potential investors.

As part of the legal proceedings, CCG has agreed to court undertakings that freeze its assets and halt the promotion or sale of the scheme until further order of the Court.

Named alongside CCG director Ian Anthony Elliott are Adrian Felix and his firm Gateridge Consulting, Ayub Swaibu, Edmund Brew, Ernest Kargbo, and Raymondip Bedi — along with his company Riverrun Consulting — all of whom the FCA claims were knowingly involved in CCG’s breaches. 

Raymondip Bedi was previously sentenced on 4 July 2025 in connection with a separate £1.5 million crypto fraud uncovered by the FCA.