The FCA has recovered £533,000 in funds from an unauthorised deposit-taking firm which invested in crypto and other assets, using a soccer league business as part of the venture.

Investors will receive money back totalling £533,000 after the High Court granted a distribution order to the FCA. 

The unauthorised scheme was operated by Bright Management Solution Limited and other firms, the FCA said.

The FCA recovered the money from Bright, Soccer League International Limited, and three individual defendants, Mohammed Zakir Hussain, Mohammed Abdul Kahhar and Kayes Miah.

All the defendants accepted the FCA’s claim against them.

Two further defendants, Mohammed Abdul Kabir and his company Soccer League UK Limited, initially opposed the FCA’s claim. Mr Kabir later settled, agreeing to contribute £100,000. Mr Kabir has until 7 October 2026 to pay the money and the FCA expects to make a further distribution to those who had paid money to Bright.

Consumers who are known to the FCA will be contacted directly, however, anyone who thinks they have a claim and has not been in contact with the FCA before can contact the FCA about the proposed distribution order using the email address This email address is being protected from spambots. You need JavaScript enabled to view it.. 

In 2021 the FCA secured an interim restitution order of just over £676,000 against 5 of 7 defendants accused of carrying on unauthorised deposit taking by accepting money for projects including forex-trading and crypto-assets without FCA authorisation.

Civil proceedings initially began in 2020.