Man sentenced over deposit linked to Ponzi scheme

A 60-year-old man has received a jail sentence for unauthorised deposit taking, linked to a Ponzi scheme targeting London communities.

Upul Dezoysa, 60, of Long Lane, Ickenham, west London pleaded guilty to unauthorised deposit taking at Southwark Crown Court.

Dezoysa received a nine-month prison sentence, suspended for two years.

A Metropolitan Police inquiry began in 2005 after victims reported being duped out of large sums of money.

Ponzi schemes offer investors high returns over a short period of time.

The ringleader of the gang, Vibhawa Fonseka, a Sri Lankan from a well-known family, targeted members of his own community.

Fonseka, 41, of Spring Grove Crescent, Hounslow, west London, is serving an eight-year sentence after being convicted of money laundering, 30 counts of deception and unauthorised deposit taking.

In February, US businessman John Napoli, 51, of Sevenoaks, Kent, was given a 12-month suspended sentence for unauthorised deposit taking.

Samantha Koralage, 38, of Elvin Court, Kingsbury, London, who also pleaded guilty to unauthorised deposit taking will be sentenced on 4 July.

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