International Con Man Sentenced for Scamming Investors and Dodging Taxes
Federal Information & News Dispatch, Inc. |
International Con Man Sentenced for
Svein Erik Ulsteen, a former executive and shareholder of
According to court records and admissions by Ulsteen, between
Personal Luxury Expenditures
Ulsteen admitted that instead of transferring these investments and loans to
Investors Received Nothing, or Worthless Shares
Multiple investors who thought they were purchasing stock in
Tax Evasion
In addition to selling forged securities, Ulsteen admitted to corruptly obstructing the
Ulsteen was ordered to return to court on
Today's sentencing was announced by
Defendant
Svein Erik Ulsteen
Age: 50
Criminal Case Nos. 14CR0923-L (
Summary of Charges
Obstruction of Internal Revenue Laws, in violation of 26 U.S.C. S. 7212(a). Maximum Penalties: three years' imprisonment,
Agencies
Federal Bureau of Investigation--San Francisco Division and San Diego Division
This content has been reproduced from its original source (http://www.justice.gov/usao/cas/).
Copyright: | (c) 2011 Federal Information & News Dispatch, Inc. |
Wordcount: | 874 |
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