A Swede was sentenced to 15 years in prison in the United States for investing fraud involving cryptocurrencies, including Bitcoin. He defrauded thousands of victims out of more than $ 16 million.

A Swedish man was sentenced to 15 years in prison in the United States for cryptocurrency fraud

The US Department of Justice (DOJ) announced Thursday that a “cryptocurrency fraudster” had been sentenced to 15 years in prison for securities fraud and money laundering. He defrauded thousands of victims out of more than $ 16 million.

Roger Nils-Jonas Carlson, 47, from Sweden, was arrested in Thailand in June 2019. He pleaded guilty on March 4th.

According to the Justice Department, Karlsson led his fraudulent investment program from 2011 until his arrest in Thailand in 2019. For example, he targeted financially insecure people like the elderly and persuaded them to use cryptocurrencies to buy shares in a company he did “Eastern” is the name of metal paper “.

Based on information from court documents, he promised the victims to pay large sums tied to the price of gold, but the money they handed over was never invested. Instead, it was transferred to Karlsson’s personal bank account and used to buy expensive homes and even resorts in Thailand.

To keep his system going for nearly a decade, he would rename and display victims’ bank statements to convince them that their funds were safe. Karlsson then gave them various excuses for the delay in payment, even falsely claiming to be working with the Securities and Exchange Commission. When sentenced, US District Judge Charles R. Breyer ordered the seizure of his Thai resorts and accounts.

The Justice Department stated:

“As part of the sentence, Carlson was also ordered to seize a resort in Thailand and various other properties and accounts, and issue a cash transfer order for $ 16,263,820.”

The DOJ added that the US is “seeking compensation on behalf of Carlson’s victims” and noted that “a restraint order will be filed by a court within 90 days”.

The investigation into Roger Karlsson’s fraud uncovered a terrifying callous conspiracy spanning more than a decade, said incumbent US Attorney Stephanie Hinds of the Northern District of California. The court’s decision to order the 180-month prison sentence reflects the fact that Karlsson’s Ponzi scheme is one of the largest convicts to date and ensures Karlsson has plenty of time to spare now. Take the time to think about the damage you are doing to you the victims.

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