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ARTICLE · 02 JULY 2019

U.S. Enforcement Actions Target Cryptocurrency Fraud Schemes And Darknet Markets

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This week, the U.S. Department of Justice unsealed a criminal complaint alleging money laundering and fraud against Swedish citizen Roger Nils-Jonas Karlsson and his company.

United StatesTechnology
Joanna Wasick
Joanna Wasick
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This week, the U.S. Department of Justice unsealed a criminal complaint alleging money laundering and fraud against Swedish citizen Roger Nils-Jonas Karlsson and his company. According to the complaint, Karlsson used websites to trick potential investors into sending him cryptocurrency payments that ultimately totaled about $11 million. The individuals thought they were purchasing shares in investment companies, but in reality, the cryptocurrency funds were converted to fiat, transferred to Karlsson's bank account and later used to buy real estate in Thailand. Karlsson was arrested on June 18 in Thailand; the U.S. is seeking his extradition.

Also this week, the Commodity Futures Trading Commission (CFTC) filed an action in New York against a purported bitcoin company and its principal, Benjamin Reynolds, from the United Kingdom. Defendants purportedly used a website and social media sites to induce customers to purchase bitcoin and then transfer it to the defendants,

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