DeFi Daily News
Wednesday, July 1, 2026
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Other News Tech

rewrite this title The Escobar Phone scam saga has finally come to an end

Jay Peters by Jay Peters
July 22, 2025
in Tech
0 0
0
rewrite this title The Escobar Phone scam saga has finally come to an end
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

In a plea agreement, United States attorneys detail how Olof Kyros Gustafsson and Escobar, Inc. took orders for the phones and other products branded with the likeness of the drug lord Pablo Escobar, seeded products with tech reviewers and social media influencers to “in order to attempt to increase demand,” did not deliver the products to customers, and transferred and laundered customer money to “use the funds for their own personal use.”

In Brownlee’s video, he unboxed an Escobar Fold 2 phone shipped to him and found that it was just a Samsung Galaxy Fold — a phone that cost nearly $2,000, far more than the $400 Escobar Inc. was selling it for — with a gold sticker on it.

Escobar Inc. also sold a $500 “Escobar Flamethrower” that was “modeled after” The Boring Company’s Not-A-Flamethrower, the $500 “Escobar Gold 11 Pro Phone” that was “marketed as a refurbished Apple iPhone 11 Pro,” and Escobar Cash that was “marketed as the world’s first ‘physical cryptocurrency,’” according to the plea agreement.

Instead of sending products to paying customers, Gustafsson mailed them a “‘Certificate of Ownership,’ a book, or other Escobar Inc. promotional materials” to create a mailing record, the DOJ says in its press release. Then, when a customer tried to get a refund for something that wasn’t delivered, “Gustafsson fraudulently referred the payment processor to the proof of mailing for the Certificate of Ownership or other material as proof that the product itself was shipped and that the customer had received it so the refund requests would be denied.”

A judge has scheduled a sentencing hearing for December 5th, where Gustafsson faces up to 20 years in federal prison for the fraud-related counts and up to 10 for the money laundering-related counts. Gustafsson must also pay as much as $1.3 million in restitution.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: EscobarfinallyphonerewriteSagaScamtitle
ShareTweetShare
Previous Post

rewrite this title PNC Teams with Coinbase to Offer Digital Asset Solutions – Finovate

Next Post

Who Really Owns America (It’s Not Who You Think)

Next Post
Who Really Owns America (It’s Not Who You Think)

Who Really Owns America (It's Not Who You Think)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title Will the Next Bilt Credit Card Please Stand Up? – NerdWallet

rewrite this title Will the Next Bilt Credit Card Please Stand Up? – NerdWallet

March 18, 2025
Bitcoin Analyst Warns: Selling BTC at ,800 Could Lead to Disastrous Outcome

Bitcoin Analyst Warns: Selling BTC at $73,800 Could Lead to Disastrous Outcome

September 25, 2024
rewrite this title Prediction Markets: What They Are, How They Work and Risks – NerdWallet

rewrite this title Prediction Markets: What They Are, How They Work and Risks – NerdWallet

January 9, 2025
How one terrible trip inspired a tech IPO: Navan Co-Founder

How one terrible trip inspired a tech IPO: Navan Co-Founder

June 15, 2026
AI Improves Customer Experience Through Human-like Interactions

AI Improves Customer Experience Through Human-like Interactions

July 16, 2024
Gutfeld: This is the ‘biggest crime story I’ve ever seen’

Gutfeld: This is the ‘biggest crime story I’ve ever seen’

September 27, 2024
rewrite this title Robinhood Launches ‘AI-Native’ Ethereum Layer-2 Network, Tokenized Stock Trading – Decrypt

rewrite this title Robinhood Launches ‘AI-Native’ Ethereum Layer-2 Network, Tokenized Stock Trading – Decrypt

July 1, 2026
rewrite this title LIVE – Belgium v Senegal: Commentary, updates, goals and stats

rewrite this title LIVE – Belgium v Senegal: Commentary, updates, goals and stats

July 1, 2026
rewrite this title USDC And Bitcoin Lead 0 Million Exchange Outflow Wave

rewrite this title USDC And Bitcoin Lead $850 Million Exchange Outflow Wave

July 1, 2026
rewrite this title Valle Capital Token Launches RWA and Agribusiness Ecosystem | Metaverse Post

rewrite this title Valle Capital Token Launches RWA and Agribusiness Ecosystem | Metaverse Post

July 1, 2026
rewrite this title with good SEO Streamex is making digital gold accessible

rewrite this title with good SEO Streamex is making digital gold accessible

July 1, 2026
Joe Rogan Experience #2521 – Aravind Srinivas

Joe Rogan Experience #2521 – Aravind Srinivas

July 1, 2026
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.