Earlier this week, the U.S. Department of Justice (DOJ) issued a
press release about the extradition of a Swedish citizen, Roger
Nils-Jonas Karlsson, from Thailand to the United States for alleged
securities fraud, wire fraud and money laundering. The complaint
alleges that he and his company, Eastern Metal Securities,
defrauded victims of more than $11 million through an investment
scheme in which Karlsson convinced individuals to invest
cryptocurrencies into a product called a "Pre Funded Reversed
Pension Plan." Instead of making any investments, Karlsson
directed the funds into his personal bank account, and the funds
are apparently now tied up in Thai real estate.
A DOJ press release issued last week detailed the arrest of two
men in Massachusetts for crimes including aggravated identity theft
and computer fraud. According to the DOJ, the men targeted people
who likely had significant amounts of cryptocurrency, such as
executives of cryptocurrency companies, and
