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Prison sentence for Malta Falcon Funds fraudster in Sweden


Prison sentence for Malta Falcon Funds fraudster in Sweden
Falcon Funds fraudster convicted six years nine months in case that cost Bank of Valletta €29.5 million settlement
12 March 2021, 6:25am
by Matthew Vella
A Swedish court has sentenced two men to six years, nine months in prison for having defrauded a Maltese pension scheme that lost millions in Swedish savers’ money.
Max Serwin, who operated in Malta under the alias of Emil Amir Ingmanson, and co-conspirator Afram Georgo, misappropriated the savings in Falcon Funds to turn them into suspicious ‘loans’ to other Swedish companies.
The Falcon fiasco cost Bank of Valletta in Malta €26.5 million in a settlement with the Swedish pensions authority, which held it liable for the pension as one of the guarantors of the fund. ....

Malta General , Max Serwin , Tonio Fenech , Joseph Xuereb , Afram Georgo , Emil Amir Ingmanson , Anthony Farrell , Ian Zammit , Calamatta Cuschieri , Andreas Woelfl , Lx Median , Lx Viceroy Industries , Falcon Funds , Temple Asset Management , Falcon Asset Management , Temple Asset , Boardwalk Real Estate , Nordic Power , மால்டா ஜநரல் , டோனியோ ஃபெநெக் , ஜோசப் கிஷுெறெப் , அந்தோணி ஃப்யாரெல் , ஈயந் ஜம்மித் , ல்க்ஸ் சராசரி , ல்க்ஸ் வைஸ்ராய் தொழில்கள் , ஃபால்கன் நிதி ,