Henrik Ellefsen
Encyclopedia
Henrik Andreas Leo Ellefsen (born 20 June 1971) is a Norwegian businessman. In 2007, he was formally charged by Økokrim
for his role as one of the people responsible for the T5PC
fraud, in which some 80,000 people lost about (US$
160 million).
On 21 December 2007, he was convicted on charges of fraud and sentenced to 3 years and 6 months in prison
. He was also fined NOK 3,6 million (ca. € 500,000), and was barred from engaging in any form of trade for 5 years. The verdict was appealed on 22 January 2008, and the appeal was approved in April.
According to the verdict of Oslo District Court
, Henrik Ellefsen played a central role in the T5PC system, as chairman of PWR Charge AS and CEO of Exente Securities ASA. The company PWR Charge AS was used to steal money from the T5PC members, according to the verdict.
His father, Harald Ellefsen, was acquitted in the same case. He was the owner of Exente Securities ASA, until he sold it to T5PC.
Henrik Ellefsen has written a book about the T5PC scandal, parts of which were presented in court as evidence, after the Økokrim
found the manuscript during a raid. Ellefsen told the court that he wants to publish the book, to "explain to the members of T5PC what happened". The manuscript was entitled "T5PC til tross for bedre vitende - En sann historie om håp og grådighet" (T5PC in spite of better knowledge - A true story of hope and greed").
Through his mother, he is the grandson of the late conservative politician Onar Onarheim.
Økokrim
The National Authority for Investigation and Prosecution of Economic and Environmental Crime is Norway's central unit for fighting economic and environmental crimes. The unit, created in 1989, has its main office in Oslo....
for his role as one of the people responsible for the T5PC
T5PC
T5PC was a controversial Norwegian Multi-level marketing company that went bankrupt in November 2004.As per November 2004, it had among 50,000 members , and it is claimed that its members lost as much as 1 billion NOK T5PC (or The 5 Percent Community) was a controversial Norwegian Multi-level...
fraud, in which some 80,000 people lost about (US$
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
160 million).
On 21 December 2007, he was convicted on charges of fraud and sentenced to 3 years and 6 months in prison
Prison
A prison is a place in which people are physically confined and, usually, deprived of a range of personal freedoms. Imprisonment or incarceration is a legal penalty that may be imposed by the state for the commission of a crime...
. He was also fined NOK 3,6 million (ca. € 500,000), and was barred from engaging in any form of trade for 5 years. The verdict was appealed on 22 January 2008, and the appeal was approved in April.
According to the verdict of Oslo District Court
Oslo District Court
Oslo District Court is the district court serving Oslo, Norway. Cases may be appealed to Borgarting Court of Appeal. As the largest district court in Norway, it handles about 20% of all cases in the country...
, Henrik Ellefsen played a central role in the T5PC system, as chairman of PWR Charge AS and CEO of Exente Securities ASA. The company PWR Charge AS was used to steal money from the T5PC members, according to the verdict.
His father, Harald Ellefsen, was acquitted in the same case. He was the owner of Exente Securities ASA, until he sold it to T5PC.
Henrik Ellefsen has written a book about the T5PC scandal, parts of which were presented in court as evidence, after the Økokrim
Økokrim
The National Authority for Investigation and Prosecution of Economic and Environmental Crime is Norway's central unit for fighting economic and environmental crimes. The unit, created in 1989, has its main office in Oslo....
found the manuscript during a raid. Ellefsen told the court that he wants to publish the book, to "explain to the members of T5PC what happened". The manuscript was entitled "T5PC til tross for bedre vitende - En sann historie om håp og grådighet" (T5PC in spite of better knowledge - A true story of hope and greed").
Through his mother, he is the grandson of the late conservative politician Onar Onarheim.