Swedish Fraud

Swedish National Charged with Fraud by the US SEC

The U.S. Protections and Exchange Commission (SEC) is requesting the preliminary by jury of a Swedish public for his supposed association in a worldwide misrepresentation that rounded up millions in cryptocurrency

As per an objection recorded Tuesday in New York’s Eastern District Court, the protection guard dog is looking for harms in the interest of thousands of retail speculators from Roger Nils-Jonas Karlsson, 46. 

“From on or about November 27, 2012 to on or about June 19, 2019, through EMS’s website, Karlsson orchestrated a fraudulent scheme in which he offered and sold an investment called a “Pre Funded Reversed Pension Plan” (“PFRPP”) that claimed to be the world’s first online investment of such type. 

Karlsson defrauded at least 2,200 investors from at least 49 U.S. states, the District of Columbia and Puerto Rico, and at least 45 countries. In the 18-month period beginning from December 2017 through June 2019 alone, investors transmitted more than $3.5 million to EMS, through digital assets such as Bitcoin, or transferred to other digital asset payment processors such as Perfect Money and C-Gold. Karlsson then misappropriated at least  $1.5 million in investor funds for his personal use, including investing in real estate in Thailand, during a portion of that period.”

In further cases neither Karlsson nor EMS were ever enlisted with the commission, and neither had equipped for an exclusion to enrollment. In particular, from around November 2012 through to June 2019, the SEC asserts Karlsson worked a deceitful plan called a “Funded Reversed Pension Plan.” 

During that time Karlsson utilized various phony personalities to trick financial specialists, including some from the hard of hearing network, out of a huge number of dollars, as indicated by the grievance. 

The arrangement guaranteed a huge payout that was attached to the estimation of gold if casualties made an underlying speculation of $98, in any case, per the protest, no such arrangement existed and no payouts happened. 

The SEC approached the court for Karlsson to be controlled alongside different individuals from the supposed extortion. The controller further looks for that Karlsson “ill-gotten gains” ought to be given over, alongside prejudgment intrigue and extra punishments.

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