Swedish businessman sentenced to four years in US prison over fraud scheme
A Swedish national received a four-year US prison sentence and $1.3 million in restitution orders for investor fraud linked to branding products with Pablo Escobar's name.
A federal court in California has sentenced a Swedish national to 48 months in prison for committing investor fraud. Prosecutors revealed that the individual exploited the name of infamous drug kingpin Pablo Escobar to market various consumer items, including smartphones and flamethrowers.
In addition to the four-year prison term, the defendant was ordered to pay a $25,000 fine and approximately $1.3 million in restitution to victims. The businessman had been held in federal custody since March 2025 following his arrest and subsequent extradition. European reports indicate he was previously detained in Marbella, Spain, before being transferred to face federal charges in the United States.
Sources: Sweden Herald.