The Escobar Phone scam saga has finally come to an end
The article discusses the Escobar Phone scam saga, which has finally come to an end. The former CEO of the company that marketed the Escobar Fold 1 and Escobar Fold 2 phones, Olof Kyros Gustafsson, has pleaded guilty to fraud and money laundering. The company took orders for the phones and other products branded with the likeness of the drug lord Pablo Escobar, but did not deliver the products to customers and instead transferred and laundered the customer money for personal use. The company also sold other products, such as a "Escobar Flamethrower" and "Escobar Gold 11 Pro Phone," which were not as advertised. Gustafsson faces up to 20 years in federal prison for the fraud-related counts and up to 10 for the money laundering-related counts, and must also pay as much as $1.3 million in restitution.
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