
Striking the right balance between work and freedom
The coronavirus pandemic has prompted us to rethink how we work in so many ways, including where we work — whether …
July 12, 2021: -On Thursday, a Swedish man wanted by the U.S. for defrauding above 3,500 victims of over $16 million has been sentenced to 15 years in prison due to securities fraud, wire fraud, and money laundering, according to the Department of Justice.
The DOJ said that the 47-year-old Roger Nils-Jonas Karlsson ran an investment fraud scheme from 2011 till he got arrested in Thailand in June 2019. He pleaded guilty in March.
Karlsson encouraged victims to buy shares in a scheme known as “Eastern Metal Securities” using cryptocurrencies such as bitcoin, promising “astronomical returns” tied to the price of gold, according to court documents.
The victims who paid the fund were instead directed to Karlsson’s bank accounts, where the money was put for expensive homes, a racehorse, and a resort located in Thailand.
Karlsson has been ordered to forfeit this Thai resort and a few other properties and accounts as part of the sentence.
Karlsson maintained the ruse by offering updates and account statements to victims. He clarified delayed payouts by claiming to be working with the Securities and Exchange Commission, which is not true.
Karlsson’s fraud can target financially insecure investors, and the U.S. is seeking restitution on behalf of those victims.
In addition to paying back $16,263,820, a restitution order is expected to be entered by the court within 90 days.
Victims not in contact with the U.S. Attorney’s Office for the Northern District of California are encouraged to submit information soon.
The coronavirus pandemic has prompted us to rethink how we work in so many ways, including where we work — whether …
Many countries are now welcoming employees back to work after a long period of uncertainty caused by the …
People who have an entrepreneurial mindset learn to spot new opportunities and create value inside a business naturally and …
COVID-19 has made routine modern-day disruptions for businesses even more challenging, impacting everything …
Innovations must be unconventional and ought to push boundaries. Innovation-driven people are …
COVID-19 changed the corporate environment in the blink of an eye, highlighting a vital, often misunderstood truth: that to …
July 5, 2022: -In the previous month, inflation in Turkey increased close to 79%, the country’s tallest in a quarter …
July 5, 2022: -Germany’s road traffic agency determined Tesla models Y and three because of a fault in the automatic …
July 5, 2022: -On Monday, the company said that Crypto lender Vauld halted all withdrawals, trading, and warranties …
June 30, 2022: -On Tuesday, NATO Secretary-General Jens Stoltenberg said that the most powerful military alliance …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you