The man was high-profile, had a rocket career and sold the most apartments in Sweden.
At the same time, he defrauded large banks of many millions.
Now the top broker Adam Farhoumand, 38, is sentenced to prison for serious ecocrimes and fraud.
In 2020 alone, Adam Farhoumand sold homes for a total of over one billion kroner. The deals took place at exclusive addresses in Stockholm.
He quickly broke through and won awards. Adam Farhoumand, who managed his own high-profile real estate agency Unik realtyvermedling, also got to participate in podcasts and give lectures, among other things.
But early in the morning at the beginning of May last year, the rocket career turned around. The Ecocrime Authority raided Adam Farhoumand’s office in central Stockholm and arrested the top broker along with several other people. The company later crashed into bankruptcy with millions in debt.
The prosecutor believed that the top broker, together with his partner, tricked banks into granting loans that the borrowers would otherwise not have been granted. This by having falsified salary specifications and employer certificates that were submitted to the banks. Two women were also charged for parts of the crimes.
In addition to the mortgage fraud, Adam Farhoumand and the co-owner were charged with serious business money laundering and several cases of serious accounting crimes involving close to SEK 50 million.
The crime took place between the years 2015 and 2022.
After a long ecocrime investigation, Adam Farhoumand was sentenced on Friday by the Stockholm district court to three years and six months in prison.
The top broker was convicted of serious fraud, seven cases of serious accounting offences, three cases of serious business money laundering and serious obstruction of tax control. The court acquitted him of aiding and abetting aggravated fraud, one count of aggravated fraud and aggravated accounting offences.
The text is updated