It concerns a large number of frauds committed against 43 victims, who were tricked into investing in real estate deals in Sweden and Spain that turned out to be a pyramid-scheme-like scam.
With the money, the ringleaders, a 38-year-old and a 50-year-old, lived a luxurious life in Marbella on Spain's sun coast, with luxury cars and expensive designer clothes. Now they have been sentenced to prison terms of 7 years and 10 months and 5 years and 10 months, respectively, by Södertälje District Court.
Five more people have been convicted of money laundering, corporate money laundering and serious accounting crimes, while one person has been acquitted.
