A Norwegian, who happens to be Justin Beiber's concerts fraudster was sentenced to 11 years in a Federal prison on Tuesday for duping investors of $1 million by telling them that he had the exclusive rights to stage a series of Justin Beiber's concerts.
The 22-years old Justin Beiber's concert fraudster, Waleed Ahmed was arrested at San Francisco International Airport in 2012 and he pleaded guilty to the one count of wire fraud" . The fraudster admitted that he and some co-conspirators took the money knowing fully well that there was no contract with Justin Beiber's management for exclusive rights to his Scandinavian concerts. The Federal judge ordered Ahmed, Justin Beiber's concerts fraudster to repay investors more than $1 million dollars.
According to court documents, Waleed Ahmed had promised an investor that he would reap $9 million in profits in the space of three months and he even produced photos of himself with Norwegian dignitaries and Queen Rania of Jordan.
In the first place how can a 22 years old be made to handle such a huge amount of money?!
Someone might be asking|how did this fraudster get to take photos with such dignitaries without really be involved/popular among st them|,here is an answer below:
At the age of 19, Ahmed Waleed received a grant from the Norwegian government for a solar energy project and had his picture taken with members of the nation's ruling party. A Norwegian court also issued a default judgement that Waleed, the Justin Beiber's concerts fraudster owes an investor $600,000. Ahmed was also charged with insurance fraud in Norway for allegedly reporting his car stolen.
And this guy is only 22???, we smell TROUBLE!
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