Fairmont: Norwegian appeal court raises investment-fraud sentence to four and a half years
A man from Bærum was convicted of handling over NOK 14 million in criminal proceeds and fraud exceeding NOK 5 million.
People in Norway and Sweden invested between 2005 and 2020 in a project called Fairmont. They were promised high returns within a short period. The appeal court found the project had no genuine economic basis and was at the heart of an investment fraud.
The case began after the NRK documentary Millioneventyret; the man was arrested a few days later. On appeal his sentence rose by eight months, from three years and ten months to four years and six months. He must pay about NOK 4.4 million in compensation. The court also ordered confiscation of roughly NOK 19 million.









































