The Escobar Fold phones were a scam after all

Remember those unbelievably cheap foldable phones branded with Pablo Escobar’s name? Turns out they were exactly what they looked like, too good to be true and a scam. Olof Kyros Gustafsson, the 32-year-old Swedish mastermind behind Escobar Inc., pleaded guilty to fraud and money laundering charges, finally putting an end to one of tech’s most brazen scams.

Gustafsson convinced thousands of people to shell out $399 for the “Escobar Fold 2,” promising cutting-edge foldable technology at a fraction of Samsung’s $2,000 Galaxy Fold price.