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Raedex Consortium

The SFO is investigating suspected fraud in relation to the activities of the Raedex Consortium, including the companies Buy2Let Cars, PayGo Cars, Raedex trading as Wheels4Sure and Rent2Own Cars.

Investors and lessees of the suspected fraudulent schemes are invited to check this webpage for an update on Monday 10 May 2021.

On Thursday 8 April 2021, the SFO, with the assistance of the National Crime Agency and City of London Police, conducted searches on two residential premises in connection with this investigation. The SFO also arrested and interviewed one individual, who has been released pending further investigation, and conducted an interview with a further individual.

The SFO would like to thank the National Economic Crime Centre (NECC) and FCA for their assistance in this matter.

Those who have leases with the companies above can find more information on the FCA website here.

As this is a live investigation, the SFO can provide no further comment.

Page published on 8 Apr 2021 | Page modified on 15 Apr 2021