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Swedish man operating crypto scam from Thailand sentenced to 15 years in prison

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Roger Nils-Jonas Karlsson when arrested in Thailand in 2019. Picture: Bangkok Submit

The Swedish nationwide who in March pledged guilty in a US federal courtroom to working a world scheme from Thailand that defrauded greater than 3500 victims in 46 international locations of $16 million has been sentenced to fifteen years in jail, CNBC stories.

In response to the Division of Justice, Roger Nils-Jonas Karlsson sentencing is for securities fraud, wire fraud, and cash laundering. The USA is searching for restitution on behalf of the financially insecure traders, particularly deaf and hard-of-hearing those who Karlsson scammed into shopping for phony funding plans for lower than $ 100, promising a 450-fold return by an eventual payout of 1.15 kilograms of gold per share. 

Court docket paperwork state that Karlsson maintained the ruse, partially, by providing updates and account statements to victims. Karlsson additionally defined delayed payouts by falsely claiming to be working with the Securities and Trade Fee.

Karlsson operated his scheme from Thailand, his nation of residence, and used a number of aliases to masks his fraud. Karlsson allegedly spent most of his victims’ cash to pay for his private bills, together with costly properties, a race horse, and a resort in Thailand earlier than being extradited to the US in 2019.

Karlsson now has to pay again $16,263,820 to the victims and a restitution order can be anticipated to be entered by the courtroom inside 90 days. Victims who haven’t been involved with the U.S. Legal professional’s Workplace for the Northern District of California have been inspired to submit information as quickly as attainable. 


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