Petter Forsberg Arrested in Morocco: Crypto 888 Ponzi Scheme Update
Crypto 888 Ponzi scammer Petter Forsberg has been arrested in Morocco, according to Norwegian authorities.
Public Prosecutors plan to request his extradition to Norway. The 72-year-old former lawyer faces serious charges linked to one of Norway’s largest fraud cases.
Arrest Details
Forsberg is currently in Moroccan police custody. Norwegian Public Prosecutor Joakim Ziesler Berge confirmed the arrest and stated that extradition proceedings will begin soon.
The process may take time, but authorities believe it is achievable. Success will depend on whether Forsberg agrees to extradition.
Crypto 888 Club Scam Background
Crypto 888 Club was a multi-level marketing (MLM) crypto Ponzi scheme built around “Octacoin.” Norwegian authorities allege the operation laundered around 768 million NOK (approximately $80 million USD).
Forsberg reportedly received 8.6 million NOK (~$905,000 USD) for his services in the scheme.
Co-Conspirators Sentenced
Following criminal charges filed in February 2025, three of Forsberg’s associates have already received prison sentences:
Terje Hvidsten (63): Sentenced to 11 years in prison and forfeiture of 11.1 million NOK (~$1.1 million USD).Dag Haetta Eriksen (54): Sentenced to 9 years in prison and forfeiture of 25.4 million NOK (~$2.6 million USD).Pal Andre Borsting Berntsen (53): Sentenced to 6 years in prison and forfeiture of 17.8 million NOK (~$1.8 million USD).
A fifth suspect remains at large.
