Published 12 April 2024 at 10.23
Domestic. The Stockholm broker Emil Alcut swindled millions of kroner from his clients, including an estate. Now he is sentenced to six years in prison.
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Emil Alcut called himself one of “Stockholm's star brokers” but was found to have engaged in deception more of his customers for huge sums.
In February this year, he was charged with gross infidelity against the principal and several gross frauds.
He allegedly defrauded an estate of 12.7 million, among other things kroner and embezzled 11 million kroner in down payments for fake housing sales.
He is now sentenced despite his denial to six years in prison, tens of millions in damages and a business ban for ten years.