The Escobar Fold phones were a scam after all

Olof Kyros Gustafsson, the mastermind behind Escobar Inc., pleaded guilty to fraud and money laundering for scamming customers with fake foldable phones. He promised cutting-edge technology at low prices, but most buyers never received their orders. Gustafsson faces up to 20 years in prison for fraud and must pay $1.3 million in restitution.