The Justice Department sentenced a Swedish man to 15 years in prison for a $16 million crypto-fraud scheme

A Swedish man was sentenced to 15 years in prison for swindling $16 million from victims in a crypto scheme.

Roger Nils-Jonas Karlsson, 47, ran an investment fraud scheme from 2011 until 2019 from Thailand.

He lured victims to purchase shares from his company using cryptocurrencies but transferred the funds directly to his personal account.