Norwegians charged with crypto scam worth 900 million

Four Norwegians have been charged with extensive fraud and money laundering.

According to the prosecutor, they were involved in collecting over 900 million kronor for a false cryptocurrency project.

A large number of victims in many countries have lost their money and significant sums have ended up with the defendants, says prosecutor Joakim Ziesler Berge at the Norwegian Economic Crime Authority Økokrim.

Thousands of people, both abroad and in Norway, have been deceived into believing they bought cryptocurrencies and invested in, among other things, mining operations and real estate. But the money was instead laundered through company accounts in Asia and large sums ended up with the defendants in the end.

The four men are between 50 and 70 years old.