Serial fraudster Andreas Kartrud has been arrested in Sweden.
Kartrud is being held in Malmo, on prison costs associated to 46 million SEK in tax fraud (~$4.1 million USD).
Through the years BehindMLM readers have pegged Katrud as a promoter of Buying Sherlock, SwissCoin, Dominant Finance, WoToken, Up2Give, KryptoGlobe, 1 Click on Buying and selling and XOXO Community.
Kartrud (proper) formally first popped up on BehindMLM’s radar in 2020, as CEO and founding father of EtherChain. That very same yr Kartrud additionally launched TronChain and CyberChain.
The collapse of EtherChain in late 2020 particularly noticed Kartrud flee to Montenegro, the place he’s been residing off funds misappropriated by way of monetary fraud since.
Whereas it’s not fairly Dubai, Montenegro has emerged as a fascinating vacation spot for for monetary fraudsters over the previous couple of years.
- Do Kwon, founding father of the Terraform Labs and the terra staking Ponzi, was arrested in Montenegro in March 2024
- Roman Ziemian, co-founder of the FutureNet Ponzi, was arrested in Montenegro in August 2024 (Ziemian discovered safe-haven in Montenegro after fleeing prior arrest in Italy in late 2023)
It needs to be famous that whereas Montenegro does act on worldwide arrest warrants (each examples above), regionally initiated fraud investigations seem non-existent.
As soon as settled in Montenegro, Kartrud spun up Eclipcity World in January 2021. Eclipcity World, Kartrud’s fourth MLM crypto Ponzi launch in lower than a yr, lasted simply two months.
Since 2021 Kartrud seems to have deserted operating his personal MLM crypto Ponzis. As a substitute, whereas residing comfortably in Montenegro, Kartrud reverted to selling different folks’s scams.
Kartrud’s newest pitch is Win-Win World, an MLM crypto Ponzi constructed round a on line casino ruse. The rip-off is believed to have ties to japanese European scammers working out of Dubai.
Win-Win World’s advertising cites Kartrud as a “high chief” throughout the rip-off.
For the scheduled December nineteenth Kartrud-hosted webinar, Win-Win World coated up his arrest as “technical causes”.
Sadly up to now the one reporting of Kartrud’s arrest is a December nineteenth paywalled article from Sydsvenskan.
What we do know is Kartrud was in Montenegro in November 2024. On or round December sixth, Kartrud travelled to Norway.
It seems someday after Kartrud travelled to Sweden, the place he was arrested.
Given the 46 million SEK quantity being claimed, it’s assumed Kartrud hasn’t been declaring his misappropriated earnings to any tax authority for a while.
Pending entry to the Sydsvenskan article or different reporting, we’ll preserve you posted on any updates.
