The U.S. Department of Justice (DoJ) has unsealed a fraud complaint against Swedish citizen Roger Nils-Jonas Karlsson and associated firm japanese Metal Securities (EMS), per a press release on June 19.

According to the Department of Justice Karlsson and EMS are charged with committing securities fraud, wire fraud and money laundering. Specifically, Karlsson allegedly instructed investors to buy his products using virtual currencies, like the cryptocurrency bitcoin (BTC).

According to the complaint, the EMS web site was registered to a made-up person, and offered shares of “Pre funded Reversed Pension Plan” of that investors might allegedly purchase shares at $98 for each one. Karlsson allegedly secure a payout of 1.15kg in gold (over $45,000 as of Jan 2, 2019) per securities share.

However, associate investigation by the authority Criminal Investigation unit reportedly complete that Karlsson didn't provably have the capital to back the secure payouts. However, he did seem to have invested with the money received in Thailand-based realty.

Karlsson has supposedly been running 2 websites, EMS and HCI25, to conduct scam investment deals with no payout. He allegedly succeeded in getting over $11 million from a minimum of 3,575 investors via these scams, that are operating since 2006.

According to the report, Karlsson was inactive in Asian country on June 18, and also the U.S. is requesting surrender to do the acknowledged scammer within the Northern District of California.

Earlier on, the U.S. trade goods Futures Trading Commission (CTFC) filed a complaint against management Finance Ltd, a now-defunct company from the U.K that allegedly acquired virtually $150 million through bitcoin-related fraud.

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