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The Justice Department sentenced a Swedish man to 15 years in prison for a $16 million crypto-fraud scheme | Currency News | Financial and Business News

  • A Swedish man was sentenced to 15 years in prison for swindling $16 million from victims in a crypto scheme.
  • Roger Nils-Jonas Karlsson, 47, ran an investment fraud scheme from 2011 until 2019 from Thailand.
  • He lured victims to purchase shares from his company using cryptocurrencies but transferred the funds directly to his personal account.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

A Swedish national was sentenced to 15 years in prison after swindling thousands of victims out of more than $16 million in a cryptocurrency fraud, the Department of Justice said in a statement Thursday.

Roger Nils-Jonas Karlsson was arrested on June 17, 2019 in Thailand and was extradited to the US. He pleaded guilty on March 4, 2021.

According to the DOJ, the 47-year-old ran an investment fraud scheme from 2011 to 2019.

His scheme involved…

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