Massive 150 Billion Dollar Worldwide Money Laundering Case Expanded by Whistleblower Victor Carlström

By  //  August 1, 2020

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A massive 150 Billion Dollar worldwide money laundering case was expanded by Swedish whistleblower Victor Carlström.

A massive 150 Billion Dollar worldwide money laundering case was expanded by Swedish whistleblower Victor Carlström. 

Sweden based banking giant Skandinaviska Enskilda Banken AB (SEB) has been charged in its role in the money laundering scheme.

Areim, the Swedish conglomerate, was added because of its participation and its role in threats from Turkey on Carlström’s life.

Victor Carlström, the high flying global financial broker recently powered up his mammoth $4.2 billion lawsuit by adding additional charges and defendants to the $150 billion money laundering case.

First filed in the later part of 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.

Carlström, 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.

“Major financial and insurance institutions are working in concert with government agencies to silence Victor Carlström through threats, intimidation, and financial ruin.

“Something is rotten in the State of Sweden,” said Lawrence Schoenbach, an attorney for Mr. Carlström. 

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.

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. Carlström for illegal financial activity and reported to authorities.

Since discovering the widespread corruption scheme – money laundering, bribery and other crimes in the financial system and government — Mr. Carlström 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.

Attacks on Mr. Carlström from Turkey began almost immediately after reporting the illegal activity. 

Mr. Carlström was forced to flee Sweden and ultimately seek asylum in the United States. Since being in the United States, Mr. Carlström 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. Carlström to seek greater safety.  He is forced to change locations every two or three days.