The UK Economic Behavior Authority (FCA) launched the processes of High Court against Concept Capital Group (CCG), Ian Anthony Elliott, Adrian Felix, Ayub Swaibu, Edmund Brew, Ernest Kargbo, Raymondip Bedi Consulting Limited and Gateridge Consulting Limited over the supposed unauthorized Investment Scheme Consumer Investments of £ 23 £ 23 Millillials Millillies Intatic Homes.
The CCG has given businesses to the court, which results in the freezing of its assets, awaiting the outcome of the trial or the further order of the court. These businesses also prohibit the promotion or sale of the program.
FCA claims that CCG has promoted investments in static houses, which are said to be left to social housing renters placed by local councils. Investors promised steady returns and said the program was supported by the UK government, claiming that FCAs consider it false or misleading.
The regulator claims that the system served as an unauthorized collective investment system with CCG that carried out adjustable activities in the United Kingdom without the required authorization or exemption.
FCA also claims that the company issued unauthorized financial promotions and has made false or misleading statements and/or impressions, violating the 2000 (FSMA) and Financial Services Law 2012 (FSA 2012).
Along with Ian Elliott, FCA claims that Adrian Felix and Gateridge Consulting, Ayub Swaibu, Edmund Brew, Ernest Kargbo and Raymondip Bedi and Riverrun Consulting was concerned about his CCG violations. Mr Bedi was sentenced on July 4, 2025 for a separate fraud revealed by FCA.
FCA is looking for:
- Return orders in favor of affected investors.
- Statements of violations.
- Orders to prevent further violations.
These procedures are at an early stage and a test date has not yet been set.