Convicted fraudster suspected again

A man from Blekinge who was previously convicted of defrauding nearly 90 people of a total of 85 million kronor is once again suspected of large-scale fraud. On Monday, he was arrested in Spain, reports SR's Ekot.

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Convicted fraudster suspected again
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The man has been requested for extradition to Sweden. This time, the suspicions are that the man is supposed to have deceived around 40 Swedes into investing in real estate projects in Spain.

It's about around 35 million kronor that have been paid out from these plaintiffs, which we know about at present, says prosecutor Veronica Närfors to the radio.

The prosecutor likens the setup to a pyramid scheme, where newly invested money has been used to pay interest to those who invested earlier.

Three more people have been arrested in Stockholm. They are suspected of having assisted, among other things, by channeling money from Sweden to abroad.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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