$100 in crypto for a kilo of gold: Scammer pleads guilty to investor fraud

A Swedish citizen who promised investors huge returns in a gold and cryptocurrency investment scheme has pleaded guilty to securities fraud. On Thursday, the US Department of Justice (DoJ) said Roger Nils-Jonas Karlsson pleaded guilty to securities fraud, wire fraud, and money laundering in a case that the agency says defrauded investors out of over $16 million.

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