Spicy Seafood Cakes

1/2 cup diced red bell pepper

1/2 cup chopped onion

1 tablespoon garlic

2 cups peeled and chopped shrimp

2 cups chopped scallops

2 tablespoons Dijon-style mustard

2 tablespoons Worcestershire sauce

2 tablespoons prepared horseradish

1 tablespoon chopped fresh tarragon

1 tablespoon chopped fresh basil

1 teaspoon hot pepper sauce

1/4 teaspoon cayenne pepper

1 large egg, beaten

1/2 cup fresh bread crumbs

2 tablespoons olive oil

Salt and pepper to taste

Lemon wedges for garnish, optional