Swedish gold-for-cryptocurrency scammer in a roundabout method extradited to US

Swedish gold-for-cryptocurrency scammer in a roundabout method extradited to US

A Swedish citizen has been extradited from Thailand to the US. The Swede is facing fees of securities fraud, wire fraud, and money laundering based fully on a unfriendly cryptocurrency investment con he’s flee since 2006.

In step with a US Division of Justice birth, Roger Nils-Jonas Karlsson turned into as soon as extradited the old day after being arrested in Thailand in June this year.

As Laborious Fork has previously reported, Karlsson and his company, Eastern Steel Securities (EMS), had been charged earlier this year following a criticism that claimed he had been working a gold-based fully investment scam.

Karlsson reportedly mature a website online to invite seemingly traders to put off shares in change for an eventual payout of in gold. Nonetheless, the funds had been never mature to put off gold. Rather, they are tied up in accurate property in Thailand, and never returned whatsoever to the traders.

The accused reportedly supplied investments in shares of gold for $98 per portion. Karlsson talked about each and every portion would consequence in a payout of 1.15 kilograms of gold. That’s insane, whenever you occur to earn into epic that the identical weight in gold would cost you over $47,000 within the US on the time of writing.

The scammy net pages mature by Karlsson directed traders to offer investments in cryptocurrencies, such as Bitcoin.

In step with the DoJ assertion, Karlsson allegedly defrauded extra than 3,750 victims of over $11 million.

It is going to easy even be unheard of that this indictment and extradition is to love Karlsson current in court docket to protect these allegations. He’s but to be found guilty of the above.

Printed November 19, 2019 — 09:36 UTC

Matthew Beedham

Matthew Beedham

November 19, 2019 — 09:36 UTC

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