HomeDanish Crime NewsDanish woman sentenced to prison for bitcoin fraud and embezzlement

Danish woman sentenced to prison for bitcoin fraud and embezzlement

A woman has been sentenced to two years and six months in prison for fraud and breach of trust. Over six months after her admission of guilt, Hayat Faizi has been penalized for fraud involving bitcoin investments valued at nearly 900,000 Danish kroner (approximately $130,000 USD). On Wednesday, the Copenhagen City Court (Københavns Byret) made the decision that she will serve two years and six months behind bars. In addition to her prison sentence, Faizi has also been expelled from Denmark for 12 years.

According to the prosecution, she posed as a successful bitcoin investor and managed to persuade four women to invest their money through her. However, the investments never occurred, leading to the charges of breach of trust and fraud. Additionally, Faizi is facing a judgment for failing to pay bills for two large parties at a restaurant and a castle, respectively.

The woman has appealed the verdict and has requested that she not be held in pre-trial detention in the meantime, as reported by the prosecution on the social media platform X (formerly Twitter). In January, she was found guilty of 133 counts of serious fraud and breach of trust, but she did not attend court sessions, neither during the admission of guilt nor when the sentence was to be determined in May.

Despite police efforts to locate her, she was only found in July, ten days after a public notice with her name and photo was released. She was subsequently detained to ensure she would not evade further legal proceedings.

However, Hayat Faizi’s legal troubles are far from over. In October, she is scheduled to appear in court in Kolding for additional charges of particularly serious fraud. She is accused of having manipulated an elderly woman into transferring approximately 1.9 million Danish kroner (around $282,000 USD) over a period of three years. It is still unclear how she will respond to the upcoming case.

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