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Fraudsters Posing As Brokers Or Investment Advisers

Sweden: Jonas Karlsson Sentenced For Multiple Crimes


One of the largest cryptocurrency Ponzi scheme sentencings ever prosecuted in the United States
SAN FRANCISCO (STL.News)
Roger Nils-Jonas Karlsson, citizen of Sweden, was sentenced today to 15 years in prison for securities fraud, wire fraud, and money laundering charges that defrauded thousands of victims.  The court also ordered the defendant to forfeit several properties in Thailand, including a resort, and a forfeiture money judgment of more than $16 million.  The sentence was handed down by the Hon.  Charles R. Breyer, U.S. District Judge.
Karlsson, 47, pleaded guilty to the charges on March 4, 2021, without a written plea agreement.  According to court documents, Karlsson ran an investment fraud scheme from 2011 until his arrest in Thailand in June 2019.  Karlsson induced victims to use cryptocurrency such a Bitcoin and other online payment platforms to purchase shares in a scheme he called “Eastern Metal Securities.” Karlsson promised victims astronomi ....

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SEC Promotes Investor Awareness During National Financial Capability Month


SEC Promotes Investor Awareness During National Financial Capability Month
Date
05/04/2021
The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) is embracing National Financial Capability Month as an opportunity to encourage all investors, especially first-timers or those relatively new to investing, to take the time to visit Investor.gov and utilize an array of resources to help them get acclimated.
“It’s great to see new investors participating in our capital markets, and it’s important to make sure they’re armed with the tools they need to make wise investment decisions,” said SEC Acting Chair Allison Herren Lee. “Identifying financial goals and creating a plan for the long term will help investors build a strong financial future.” ....

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