Key player in Trustor affair sentenced to prison

Thomas Jisander, one of the principals in the so-called Trustor affair has been convicted by the Stockholm District Court for grave embezzlement.

The conviction calls for him to serve one and a half years in prison

According to prosecutor Berndt Berger, Jisander had embezzled around 20 million kronor ($3 million) that he funneled from Trustor to various foundations in Liechtenstein.

According to the prosecution, Jisander is also suspected of having neglected to pay taxes at least 50 million kronor.

However, the court has dismissed charges of serious tax fraud against him.

The so-called Trustor affair began in 1997 after British businessman Lord Moyne bought the majority stake in Trustor. Trustor’s own money was illegally used to finance the purchase. Shortly afterwards, it became clear that the company had been subject to a major fraud.

Lord Moyne, a writer and son of the well-known British aristocrat Diana Mitford, was cleared of any wrongdoing. Thomas Jisander was convicted in 2001 but subsequently freed on appeal.

In 2004, another principal player, Joachim Posener was ordered by a court to pay back 125 million kronor to Trustor. The case was tried in his absence, and attempts to find out where he was hiding were unsuccessful.

Posener disappeared from Sweden in the wake of the Trustor affair in 1997 but the time limit for his prosecution has now expired.

Posener does however still owe 21 million kronor to the Swedish Enforcement Authority (Kronofogden).


Hairdresser jailed for defrauding 80-year-old

A 29-year-old hairdresser from the Jönköping area in southern Sweden has been sentenced to 18 months in prison and ordered to pay damages to an elderly client, after bamboozling her out of large sums of money.

“The aggravated fraud amounted to significant sums and has meant particularly serious damage to the old woman,” the court wrote in the verdict, according to Sveriges Radio (SR).

The hairdresser met her client for the first time in 2008, but didn’t start pressuring her for money until 2010.

In order to get several pay-outs from her client, the hairdresser told the old woman on separate occasions that she had been diagnosed with breast cancer, that her partner had died, and that she had been evicted from her apartment.

The 80-year-old woman felt sorry for her hairdresser and kept lending her money to deal with her various hardships, a sum that amounted to some 1.6 million kronor ($241,000) over four years.

As evidence for the crime, the prosecutor presented several begging letters from the 29-year-old to the old woman as well as documents proving the bank transactions.

The court found no evidence that the hairdresser ever intended to pay back any of the money, which mainly went to finance the heavy drug addiction of a man she was romantically involved with and who was living with her at the time, reported local paper Jönköpings Nytt.

The hairdresser admitted during the trial to defrauding the old woman.

The court sentenced her on Wednesday to 18 months in prison and ordered her to pay back the money she had taken from the elderly client.