Last updated on August 11th, 2020
Banking giant Skandinaviska Enskilda Banken AB (SEB) has been charged for its role in the money laundering scheme. Swedish conglomerate Areim has also been added for its participation and its role in threats from Turkey on Mr Victor Carlstrom life.
Global financial broker Victor Carlstrom recently powered higher his groundbreaking $4.2 billion lawsuits by adding additional charges and defendants to the $150 billion money-laundering scheme.
Filed in late 2019, already specifies alleged illegal activities of leading Swedish firms Folksam and Swedbank, their executives, and two Swedish government agencies, equivalent to the IRS and SEC in the United States.
Carlstrom, a former broker for Folksam, became suspicious of operations at the company shortly after being employed there. He has said he refused to steal from clients, which prompted initial acts of retaliation and dismissal.
Folksam CEO at the time was Jens Henriksson, who was named Swedbank’s CEO in 2019 to clean up after a different money laundering scheme by the bank. Additional defendants in the suit include the Director-General of the Swedish Financial Supervisory Authority Erik Thedéen and the Director-General of the Swedish Tax Agency, Katrin Westling Palm.
“Something is rotten in the State of Sweden,” said Lawrence Schoenbach, an attorney for Mr Carlstrom. “Major financial and insurance institutions are working in concert with government agencies to silence Victor Carlstrom through threats, intimidation and financial ruin.”
The lawsuit [Case 1:19-cv-11569] alleges Folksam and the listed officials violated Racketeer Influenced and Corrupt Organization act (including predicate offences of Conspiracy to Murder, Mail Fraud, Wire Fraud, and Money Laundering) the Computer Fraud and Abuse Act, Tortious Interference with Contract, Intentional Infliction of Emotional Distress.
The amended lawsuit claims that SEB was an active participant in money laundering operations by the Swedish financial executives and organizations. In the process, several privacy and banking laws were broken in the process. An Areim account in SEB, controlled by Binali Yildrim, a former Turkish prime minister with close ties to Turkey’s President Recep Erdogan, was flagged by Mr Carlstrom for illegal financial activity and reported to authorities.
Attacks on Mr Carlstrom from Turkey began almost immediately after reporting the illegal activity. Mr Carlstrom was forced to flee Sweden and ultimately seek asylum in the United States. Since being in the United States, Mr Carlstrom has been subject to at least two attempts on his life, in both Los Angeles and New York. His wife and two children left Mr Carlstrom to seek greater safety. He changes locations every two or three days.
Since discovering the widespread corruption scheme – money laundering, bribery and other crimes in the financial system and government — Mr Carlstrom has been subject to numerous death threats, mostly deriving from Turkey, and multiple assassination attempts, according to the lawsuit, filed in the Southern District of New York.