US sentenced to 15 years in prison for crypto scammers after bagging $ 16 million from thousands of investors
The US Department of Justice (DOJ) announced Thursday (July 8) that a Swedish man had been sentenced to 15 years in prison in the United States for conspiracy to commit cryptocurrency investment fraud. He committed securities fraud, money laundering, and defrauded thousands of victims for more than $ 16 million.
Roger Nils-Jonas Karlsson arrested in Thailand
Roger Nils-Jonas Karlsson, a 47-year-old Swede, was arrested in Thailand in June 2019. He pleaded guilty on March 4th.
According to court documents, Karlsson was involved in an investment fraud from 2011 until his arrest. He sold stocks called Eastern Metallic Securities using cryptocurrencies like Bitcoin and other online payment platforms. He promised his victims “enormous profits” linked to the price of gold.
However, Karlsson transferred the victims’ money to his personal bank account and used the money to buy expensive houses, a racehorse and a resort in Thailand.
“Karlsson’s conspiracy targeted investors with unstable finances and caused severe financial damage to many of them.”
To extend his fraudulent investment plan, Karlsson has used several strategies including rebranding and spoofing in collaboration with the US Securities and Exchange Commission.
“As part of the sentence, Karlsson also forfeited a resort in Thailand and many other properties and accounts, and issued a judgment in the amount of $ 16,263,820.”
The DOJ added that the US is “seeking compensation on behalf of Karlsson’s victims” and stated that “the court is expected to issue a compensation order within 90 days”.
According to News.Bitcoin