In a shocking turn of events, the former CEO of Escobar Inc., Olof Kyros Gustafsson, has pled guilty to serious charges of fraud and money laundering. The company, infamous for the Escobar Fold 1 and 2 phones, misled customers while profiting from their orders. A sentencing is set for December 5, where Gustafsson could face up to 30 years in prison and hefty restitution.
