Norwegian authorities have charged four men for allegedly defrauding thousands of investors in a crypto investment scheme, which reportedly collected over 900 million Norwegian kroner (approximately $80 million) from victims globally. The National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) stated that the accused laundered around 700 million Norwegian kroner (about $62 million) through the accounts of a local law firm. The defendants allegedly misled investors into believing they were part of a lucrative business involved in gas, mining, and real estate investments. The scheme operated from March 2015 to November 2018, with the men conducting recruitment presentations worldwide. Økokrim noted that the operation's complexity stemmed from the use of client accounts and international company structures. As the case proceeds, the defendants deny wrongdoing, and the trial is set to take place in Oslo District Court in September, expected to last 60 days.

Source 🔗