Escobar Fold Scam Con Artist Faces Jail Time
TL;DR Summary
Olof Gustafsson, creator of the Escobar Fold phones and related products, has pleaded guilty to multiple fraud and money laundering charges, facing up to 20 years in prison and $1.3 million in restitution. The scam involved sending fake products or merchandise instead of the paid-for foldable phones, flamethrowers, and gold iPhones, making refunds difficult. Gustafsson's scheme defrauded victims out of over $300,000, and he was extradited from Spain to the US for sentencing.
- Escobar Fold scam finally catches up with its creator, who now faces years in jail Android Authority
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- Remember that gold-plated Escobar foldable? The man behind it is headed to jail 9to5Google
- CEO behind gold-plated foldable mobiles scam to be jailed: How the con artist worked Hindustan Times
- Mastermind Of Escobar-Branded Tech Scam Faces Up To 30 Years In Prison Lowyat.NET
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