A 50-year-old man has been sentenced to three years in prison for fraud and money laundering. He was part of a network that embezzled tens of millions of kroner from companies.
“The network has taken away great value from society and has also contributed to work-related crime. The 20 companies involved have had real customers in the market, and law-abiding citizens may therefore have unknowingly contributed to serious financial crime and work-related crime. It is serious,” Chief State Attorney Marianne Bender at Økokrim said.
The 50-year-old man was sentenced to three years in prison in the Eidsivating Court of Appeal. Glåmdal and Romerike District Court found him guilty before the summer of embezzling millions in two of his own companies. Økokrim appealed the sentence of two years imprisonment to the Court of Appeal.
The man gave a partial confession when the case went to the district court. It was, therefore, only the sentencing that was considered in the Court of Appeal. The Court of Appeal claimed that the man embezzled NOK 9.4 million from the companies. He has also been convicted of money laundering of more than NOK 400,000.
The 50-year-old is currently the eighth convicted person out of a total of nine defendants in the network of the case complex. The fraud took place by charging payments without providing a service. NOK 3.8 million has also been confiscated.
According to Økokrim, the network has committed fraud against 20 companies, mainly in the cleaning and construction industry. In several of the cases, the courts have ruled that the main purpose was to evade tax and VAT when paying fictitious incoming invoices and after returning the money to enable black remuneration. The case involves fraud and money laundering valued at approximately NOK 70 million.
“This has been an extensive investigation of a large and organized network that engages in fictitious invoicing to evade paying significant amounts to the Treasury,” the prosecutor in the case said.
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