The US Division of Justice (DoJ) has unsealed a fraud criticism towards Swedish citizen Roger Nils-Jonas Karlsson and related agency Japanese Metallic Securities (EMS), in line with a press launch on June 19.
In keeping with the DoJ Karlsson and EMS are charged with committing securities fraud, wire fraud and cash laundering. Particularly, Karlsson allegedly instructed buyers to pay for his merchandise utilizing digital currencies, such because the cryptocurrency bitcoin (BTC).
In keeping with the criticism, the EMS web site was registered to a made-up individual, and supplied shares of “Pre Funded Reversed Pension Plan” of which buyers might allegedly buy shares at $98 apiece. Karlsson allegedly promised a payout of 1.15kg in gold (over $45,000 as of January 2, 2019) per securities share.
Nonetheless, an investigation by the IRS Felony Investigation unit reportedly concluded that Karlsson didn’t demonstrably have the capital to again the promised payouts. Nonetheless, he did seem to have invested the cash obtained in Thailand-based actual property.
Karlsson has purportedly been operating two web sites, EMS and HCI25, to conduct rip-off funding offers with no payout. He allegedly succeeded in acquiring over $11 million from at the very least 3,575 buyers through these scams, which have been in operation since 2006.
In keeping with the report, Karlsson was arrested in Thailand on June 18, and america is requesting extradition to attempt the purported scammer within the Northern District of California.
Earlier this week, america Commodity Futures Buying and selling Fee (CTFC) filed a criticism towards Management Finance Ltd, a now-defunct firm from the UK that allegedly acquired virtually $150 million via bitcoin-related fraud.