Cryptocurrency fraudster convicted of money laundering and securities fraud in multi-million dollar investment scheme – Homeland Security Today

A Swede was sentenced on July 8 to 15 years in prison for securities fraud, wire fraud and money laundering which defrauded thousands of victims of more than $ 16 million.

Roger Nils-Jonas Karlsson, 47, pleaded guilty on March 4. According to court documents, Karlsson ran an investment fraud scheme from 2011 until his arrest in Thailand in June 2019. Karlsson tricked victims into buying shares in the scheme called “Eastern Metal Securities” using crypto – currencies such as Bitcoin and other online payment platforms. Karlsson promised the victims astronomical returns linked to the price of gold. Instead, the funds provided by the victims were transferred to personal bank accounts of Karlsson, and he then used the proceeds to purchase expensive homes, a racehorse and a resort in Thailand. The Karlsson fraud targeted financially precarious investors, causing severe financial hardship for many. time, Karlsson went to great lengths to extend their program, including the rebranding, by offering updates and account statements that provided s assuring victims of the condition of their assets and offering explanations for late payments – including falsely claiming to work with securities. and the Foreign Exchange Commission (SEC).

As part of the sentence, Karlsson was also ordered to confiscate a Thai resort and various other properties and accounts, and issued a monetary judgment in the amount of $ 16,263,820. The United States seeks redress on behalf of the victims of Karlsson. A restitution order should be made by the court within 90 days. Victims of Roger Karlsson and Eastern Metal Securities who have not been in contact with the United States Attorney’s Office for the Northern District of California are encouraged to submit information as soon as possible. Additional information for victims and a form for victims are available at the Ministry of Justice.

The IRS-CI Washington, DC Cybercrime Unit investigated the case. The Department of Justice’s International Affairs Office, the FBI Legal Attaché’s Office in Thailand, the IRS-CI Attaché’s Office in Hong Kong, and the Royal Thai Police’s Crime Suppression Division provided assistance. considerable help. The SEC’s regional office in New York also provided substantial support.

Find out more at the Ministry of Justice

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