Norwegian authorities have charged four men with a large investment fraud that collected $86.5 million from investors between 2015 and 2018. The fraud involved encouraging individuals to invest in yield-bearing "product packages" containing cryptocurrencies and shares. The men are accused of making no real investments and had no earnings beyond the deposits of victims. The network laundered over $62.7 million of the scam's proceeds through a Norwegian investment firm and forwarded money to linked accounts in various Asian countries. The case is scheduled to be heard in Oslo District Court over 60 days from September. Investment fraud is a growing problem in Norway and globally, with cryptocurrency fraud becoming increasingly common.



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