Swiss Businessman Extradited to the United States Pleads Guilty to International Securities Fraud Scheme
Martin Schlaepfer, a 67-year-old Swiss businessman, admitted guilt to charges related to a multimillion-dollar securities fraud that duped investors with fictitious investment opportunities. Acting as the CEO of the sham Malom Group AG, Schlaepfer and co-conspirators lured victims by promising access to lucrative investments and substantial loans backed by fabricated bank documents. Victims wired approximately $6 million, which was diverted for personal use by the conspirators. Initially indicted in 2013, Schlaepfer evaded arrest for nearly 11 years before being detained in Italy in September 2024. He was extradited to the United States in July 2025 to face prosecution. This case... [Continue Reading]
360LiveNews | 11 Mar 2026 10:30
