Get the latest tech news
Escobar Phone creator pleads guilty to scamming buyers, never delivered devices.
A Swedish national who licensed the rights of the late Colombian narco-terrorist Pablo Escobar pleaded guilty today to six federal criminal charges for defrauding investors by marketing and selling products – including flamethrowers and cellphones – that he never delivered.
LOS ANGELES – A Swedish national who licensed the rights of the late Colombian narco-terrorist Pablo Escobar pleaded guilty today to six federal criminal charges for defrauding investors by marketing and selling products – including flamethrowers and cellphones – that he never delivered. In furtherance of the scheme, Gustafsson sent crudely made samples of the purported Escobar Inc. products to online technology reviewers and social media influencers to attempt to increase the public’s demand for them. As part of his plea agreement, Gustafsson agreed to pay up to $1.3 million in restitution to victims, as well as to forfeiture to funds that were proceeds of the fraud schemes, including money currently held in a bank account in Sweden.
Or read this on r/technology
