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Escobar Fold phone scammer faces years in jail after guilty pleas

Escobar Fold phone scammer faces years in jail after guilty pleas

TL;DR Escobar Fold phone creator Olof Gustafsson has pleaded guilty to multiple counts of fraud and money laundering. Customers were sent certificates or merch instead of the foldables, flamethrowers, or gold iPhones they paid for, making refunds harder to claim. Gustafsson could face many years in prison and will pay up to $1.3 million in restitution. It looked like an …

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