Escobar-themed gadgets scam: creator and seller plead guilty
Roberto Gustafsson, CEO of Escobar Inc., has pleaded guilty to fraud and money laundering related to selling fake gold-plated foldable phones and other counterfeit products, with victims set to receive $1.3 million in restitution. The company, known for scams involving rebranded phones and fake certificates, is facing sentencing in Los Angeles, while Samsung prepares to release its new foldable device.