The United States Department of Justice (DoJ) has opened a cheating complaint towards Swedish citizen Roger Nils-Jonas Karlsson and associated firm Eastern Metal Securities (EMS), by a news release on June 19.
In line with the DoJ Karlsson and EMS are charged with performing securities fraud, wire fraud, and cash laundering. Specifically, Karlsson allegedly instructed investors to pay for his merchandise utilizing digital currencies, like cryptocurrency bitcoin (BTC).
In response to the complaint, the EMS web page was linked to a made-up individual and provided shares of “Pre Funded Reversed Pension Plan” of which traders may allegedly buy shares at $98 each. Karlsson allegedly promised a payout of 1.15kg in gold (more than $45,000 as of January 2, 2019) per securities stock.
However, an investigation by the IRS Criminal Investigation group assumed that Karlsson didn’t demonstrably have the capital to back the promised payouts. Nevertheless, he did seem to have invested the cash received in Thailand-located actual property.
Karlsson has reportedly been operating two web sites, EMS and HCI25, to conduct scam investment offers with no payout. He supposedly succeeded in acquiring over $11 million from not less than 3,575 buyers via these scams, which have been in operation since 2006.
Following the report, Karlsson was held in Thailand on June 18, and the USA is demanding extradition to strive the purported scammer in the Northern District of California.
Earlier this week, American Commodity Futures Trading Commission (CTFC) complained Control Finance, a now-defunct firm from Britain that allegedly acquired nearly $150 million via bitcoin-related scam.