Occupation Prisoner Name Jorn Tagge | Criminal charge Fraud | |
Criminal penalty sentenced to 3 years, 5 months in prison, fined 842,000 NOK | ||
Jorn Ronnie Tagge (born 2 June 1969) is a Norwegian convicted fraudster, known as one of the people responsible for the so-called T5PC fraud, one of the biggest economic frauds in Norwegian history, in which some 80,000 people lost about 1 billion NOK (160 million US dollar). He served as chairman of the T5PC, a controversial multi-level marketing company that went bankrupt in 2004.
Criminal convictions
Tagge has been criminally convicted three times:
In February 2006 he was sentenced to five months in prison.
In 2007, he was convicted on charges of fraud relating to his role in the T5PC system, and sentenced to 2 years in prison. He was also fined 770,000 NOK, and he also was barred from engaging in any form of trade for 5 years.
In October 2008 he was additionally sentenced to one year in prison, for manipulating the value of stock. He was fined further 72 000 NOK.