Rosenblatt
  • About
    • Memery Crystal
    • Investors
  • Services

    Services

    Rosenblatt is a disputes powerhouse. Competitive in the best sense, our teams provide incisive specialist expertise and collaborate closely with one another to meet our clients’ needs across the full spectrum of their activities.

    • Dispute Resolution
    • Construction, Engineering and Energy
    • Corporate Investigations
    • Debt Recovery
    • DLT, Digital Assets, and Tokenisation
    • Financial Crime
    • Financial Services
    • Insolvency & Financial Restructuring
    • International Arbitration
    • Probate & Wills
    • Serious & General Crime
    • Tax
    • Non-Contentious & Advisory
  • Insight
  • Events
  • Group Litigation
    • Amazon Legal Action
    • Property Investment Scheme Claims
    • Apple Class Action
  • Contact

Serious Fraud Office | Raedex Consortium | Rosenblatt’s Financial Crime Team

14th April 2021

On 9 April 2021, the Serious Fraud Office (SFO) announced that it had launched an investigation into the alleged fraudulent activities of the Raedex Consortium which comprises a number of car leasing companies, including, Buy2Let Cars, PayGo Cars, Radeax trading as Wheels4Sure and Rent2Own Car.

SFO Investigation | Rosenblatt’s Financial Crime Team

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 have arrested and interviewed one individual and conducted an interview with a further individual.

As this investigation is ongoing the information released by the SFO is sparse. The SFO have however, stated investors and lessees of the suspected fraudulent schemes can expect an update on the investigation on Monday 10 May 2021.

This announcement comes after Buys2Let Cars and its parent company Raedex entered administration on 16 March 2021 weeks after the Financial Conduct Authority (FCA) required the firm to cease conducting regulated activities. On 19 February 2021 the FCA had asked Raedex to stop entering into any new car leases citing concerns about its finances, but permitted the continuance of their existing car lease agreements.

Raedex Consortium Limited (Raedex) was part of an investment scheme where customers invested in car leases through Buy2Let Cars and Rent2Own Cars. The investment scheme was conducted through Buy2Let Cars which is not FCA authorised. However, the cars bought with this money were then leased to customers by Raedex, which is authorised by the FCA.

Last month the FCA said that “based on a range of new information which heightened our concerns about the financial viability and structure of the business, we took assertive action to protect consumers and ensure that the firm ceased all regulated activities.”

Our Financial Crime team will continue to monitor this investigation and provide updates as and when they arise.

Rosenblatt can help

Rosenblatt has a wealth of experience in financial crime and is uniquely placed to support clients’ that are the subject of a Serious Fraud Office investigation and prosecution having being involved in high profile investigations into a global pharmaceuticals company, a multi-million pound affordable property investment scheme, a multi-million pound pension fraud scheme and a world leading global security company.

https://www.rosenblatt-law.co.uk/services/financial-crime/

Post navigation

Brexit: The First 100 Days
ASDA employees win the battle, but not the war

Categories

  • Articles
  • News
  • Videos

Topics

  • Banking & Finance
  • Competition & Regulatory
  • Corporate
  • Dispute Resolution
  • DLT, Cryptocurrencies and Crypto Assets
  • Employment
  • Financial Crime
  • Financial Services
  • Insolvency & Financial Restructuring
  • International Arbitration
  • Investigations
  • IP/Technology/Media
  • Real Estate
  • Tax
Rosenblatt
  • +44 (0) 20 7955 0880
  • info@rosenblatt-law.co.uk

Helpful Links

  • Anti-Modern Slavery Statement
  • Complaints Policy
  • Diversity & Equality
  • Interest
  • Pricing
  • Subscribe to our Mailing List

SRA No. 820215, authorised and regulated by the Solicitors Regulation Authority.

Ce Logo
Uk Top Tier Firm 2026

Rosenblatt is a trading name of RBG Legal Services Limited, a company registered in England and Wales (with company number 13287062) and which is authorised and regulated by the Solicitors Regulation Authority under SRA No. 820215. A list of the directors of RBG Legal Services Limited, together with a list of those persons who are designated as partners of Rosenblatt, is available for inspection at the registered office of the company at 165 Fleet Street, London EC4A 2DY.

Rosenblatt uses the word “partner” to refer to a senior employee or consultant. However, Rosenblatt is not a partnership and the use of the term “partner” does not create or imply a partnership amongst or between any of its employees or consultants.

© 2025 Rosenblatt

  • Privacy Policy
  • Cookie Policy
  • Terms & Conditions

Website by Brighter*IR

link

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

Rosenblatt
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookies should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Performance cookies

These cookies allow us to count visits and traffic so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site.

Please enable Strictly Necessary Cookies first so that we can save your preferences!

Cookie Policy

More information about our Cookie Policy.