Victor Carlström

Victor Carlstrom is a Swedish financial expert and businessman. He is the CEO and chairman of Vinacossa Enterprises Group, a New York-based investment firm. He first caught public attention for whistleblowing against Folksam and Swedish government agencies for financial fraud.
Money-laundering case
Carlstrom discovered money laundering activities at Folksam. He reported it to the Swedbank’s CEO, Jens Henriksson, who terminated and blacklisted him. In 2019, he reported against Folksam, Swedish government agencies, Jens Henriksson, Swedbank, and relevant government officials for plotting a money-laundering scheme of $150 billion. Carlstrom claimed that Folksam, government officials, and Swedbank infiltrated the largest international scheme for money laundering in history. In 2019, Carlstrom filed a lawsuit of $4.2 billion for RICO Act crimes before a court in the Southern District of New York City. He faced multiple investigation trials after the accusation. The accused government agencies, Folksam, and Swedbank’s CEO defended the lawsuit by hiring international law firms. Investigations disclosed that Swedbank had inadequate controls and systems against economic sanctions risk and money laundering. Employees at Swedbank Estonia disregarded and overlooked the factors that indicated money laundering transactions. Swedbank was also fined 4 billion SEK for shortcomings in controls and measures against money laundering. In 2019, Swedbank was alleged to carry out transactions of $4.3 billion from Danske Bank between 2007-2015. Swedish regulators also fined Skandinaviska Enskilda Banken (SEB) with $107 million, and Estonian authorities fined them €1 million for failing to identify money laundering risk in Lithuania, Latvia and Estonia. Carlstrom has claimed that he had received multiple death threats after the incident. He has also reported for harassment and shadowing. .
Personal life
Carlstrom fled to Dubai and later to the US with his family to seek asylum protection. The incident resulted in personal damage to Carlstrom as he lost his family and attempted suicide twice. Later, the lawsuit was extended to demand $150 billion with additional charges, including emotional distress, mail fraud, and death threats. The revised lawsuit also added charges against Turkish government officials.

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