Up to eleven years in Norwegian case over NOK 900 million international investment fraud
Three men received eleven, nine and six years in prison. Thousands of victims abroad lost more than NOK 900 million altogether.
Participants were recruited through presentations, events and personal contacts into an international sales network. They bought packages containing its own cryptocurrencies and shares. These supposedly gave access to profitable investments in a gas field, mining and property.
The proven fraud involved little real investment, with income coming mainly from members' deposits. The court also ordered substantial confiscation: about €5 million plus NOK 6.1 million from the first man, NOK 25.4 million from the second and NOK 17.8 million from the third. Cars and bank cards were also covered.









































