Swedish businessman sentenced to four
Photo: J. Scott Applewhite

Swedish businessman sentenced to four years in US prison for investor fraud

A Swedish businessman is sentenced to four years in prison in the United States after defrauding investors out of 13 million kronor.

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The Swede is said to have used Pablo Escobar's name to sell products, including flamethrowers and mobile phones, Aftonbladet writes.

He has been in federal custody since March 2025 and has now been sentenced to 48 months in prison, the U.S. Attorney's Office in California announced in a press release.

He will also be fined $25,000, equivalent to 238,000 kronor, and must pay $1.3 million, approximately 12.3 million kronor, in damages.

SvD writes that the Swede was also arrested in Marbella in 2023. He was then charged with more than 100 different crimes.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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