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Downloaded from
YTS.BZ

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Official YIFY movies site:
YTS.BZ

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I'd like to have a business look.

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-Sure, we'll make them neat and straight.
-Yes.

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What do you do for work?

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Well, I am…

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I used to do

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big financial deals.

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I acquired companies
on the stock exchange.

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But the last 30 years, I've been…

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I've been on the run.

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-In hiding.
-In hiding?

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Yes, Interpol and everything.

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He's managed to stay hidden for 30 years,

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the man behind
one of Sweden's largest financial crimes,

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in what came to be known
as the Trustor scandal.

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The brains behind the suspected fraud
is a 33-year-old Stockholmer.

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The key figure in the affair,
Joachim Posener.

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Joachim Posener,

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the man suspected
of being the brains behind the fraud.

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Joachim Posener is wanted by Interpol.

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Rumor has it
that he got away with 100 million,

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has had plastic surgery,

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and has lived in all corners of the world.

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The police have a new lead
on Posener's whereabouts.

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There was talk about Moscow,

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Tel Aviv, Rio de Janeiro…

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…Barbados, Iraq,
and other countries have been mentioned.

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A reward was announced
for tips leading to an arrest.

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And the police
received information of all kinds.

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Like that he had a ponytail,

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very large feet,

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spoke in a Scanian dialect,

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drank Pepsi,

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and that he was in the Big Brother house.

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But Joachim Posener was never found.

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What happened was that he and four others

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managed to buy
the investment company Trustor…

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with Trustor's own money.

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This is unprecedented in the history
of the Swedish stock exchange.

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Several hundred million
from Trustor's cash reserves

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have been traced to bank accounts
across the world.

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One of the biggest financial frauds
in Sweden to date.

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But how did this happen?

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Who did what,

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and what happened to those involved?

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INSIDE THE TRUSTOR SCANDAL

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A FILM BY KARIN AF KLINTBERG

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You couldn't have foreseen,

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when entering into this deal,

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that it would turn into this mess.

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"This mess"
has been investigated for years,

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and there's been drawn-out conflicts

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between those involved.

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To bring clarity,
I've reached out to those who concocted

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or just happened
to get caught up in all this.

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One of them
is the consultant Thomas Jisander,

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the guy parallel parking the Ferrari.

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Now, looking back,

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you might think
I should've known what was going on.

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But I didn't.

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I've also met with the deputy CEO,
who still hasn't recovered.

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Something's broken in my brain.
I haven't slept since 1997.

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And the investigative journalist.

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I felt that something wasn't right.

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And the officer who worked the case.

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I'm extremely upset that we didn't catch

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the key figure behind the Trustor scandal.

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What the hell…

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And lastly, the old hand in finance

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who tried to clean up the mess.

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It's one thing to be tough in business,

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but when it comes to criminals,

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I have no scruples.

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And then there's Joachim Posener,

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who neither Swedish police nor Interpol

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could find during all these years.

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No one's heard his version,

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whether it was worth the cost

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of leaving his family and child behind
to live in hiding.

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After many attempts,

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I managed to obtain an email address

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belonging to Joachim Posener.

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SORRY TO NAG…

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THIRD TIME LUCKY…

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When I emphasized
that I wanted to find out the truth,

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he finally replied.

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INBOX

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I got your email.

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And I've read it.

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And okay.

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I'll schedule a meeting,

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somewhere in Europe.

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What are the terms for this meeting?

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I still want the option to back out.

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How will I know that you're you
when we meet?

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You'll recognize this voice.

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And even though it's been 30 years,

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I should look somewhat the same.

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BRUSSELS

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The first meeting was in a public place,

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where Joachim Posener
could see us from a distance.

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The deal was to only film him from behind.

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But no one knows what he looks like now.

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Hi, I'm Joachim.

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There are very few
published photos of Joachim Posener.

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A deliberate strategy
for someone who doesn't want to be found.

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While on the run,
he gave one TV interview.

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But since the police were looking for him,

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he didn't want to show his face.

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And he lied his way through it.

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You've been identified
as the brains behind the deal.

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Were you?

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No, absolutely not.

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I wasn't involved in any of this.

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I entered the picture in August.

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Before that, I…

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You haven't wanted to talk about
what happened before.

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Why are you doing it now?

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Now that the crimes are statute-barred,

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there's no reason to hold back anymore.

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Will you speak the truth
during these interviews?

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-Will you tell the truth?
-I definitely won't lie.

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Not about anything?

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No. But it's up to you
to ask the right questions.

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The people involved

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had their own motives
for getting involved in the deal.

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To me, it was about making money,

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and thereby becoming successful.

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Money gives you a kind of freedom,

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and it's a confirmation
of whether you're successful or not.

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But even as a kid,

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I was fascinated
by big yachts and nice cars.

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I dreamt of becoming very rich.

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I wanted to be able to charter a yacht
after a successful deal,

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sit on deck with a drink in hand,
and feel like I'd done a good job

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and made money.

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I deserve to live out
that childhood dream.

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My dream was
to get into the financial sector.

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I was obsessed
with getting into the financial sector.

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I used to sell ERP systems.

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Wherever I worked,
I was usually the best salesman.

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But I wanted to be the boss.

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Which was a crazy goal,

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because it turns out
I'm not a very good boss.

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Back in the day,

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if you had a yacht,

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it had to be 30–35 meters

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for someone to call their boat a yacht.

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Now it's increased.

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I wouldn't call it a yacht
unless it's at least 50 meters.

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Otherwise,
you definitely can't call it a yacht.

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Go big or go home.

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Joachim Posener
had other motives for the deal.

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After our first meeting,

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we agreed to continue meeting

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in various places in Europe.

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Yup.

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You got me here.

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I'm not allowed to film his face.

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At least not at first.

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There is one rule,

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no questions about his family.

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It's a rule I'll come to bend a bit.

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I still control
every little detail of my life.

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It becomes a habit

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when you live on the run.

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If you want to be successful on the run,
you have to be gray,

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uninteresting and invisible,

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disappear in the crowd.

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Not attract any attention.

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While I was wanted,

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I lived almost like a secret agent.

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I sacrificed my family and my life
for the sake of freedom.

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Not for the money.

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Have you been to Sweden
in the last 30 years?

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Not once.

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Why didn't you return?

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I couldn't bring myself
to serve another maximum sentence.

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I barely made it through
the last prison term.

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"The last prison term" refers to the one
Joachim Posener served

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before the Trustor affair.

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In the late 1980s,
when the financial market was booming,

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22-year-old Joachim Posener

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had started dealing
with stocks and options.

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He offered creative tax solutions.

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At first, business went brilliantly,

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and the millions were rolling in.

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I wanted respect in the industry,
even though I didn't really belong there.

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I was young and wanted to be
part of the financial elite.

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I wanted everything, and I wanted it fast.

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I took some shortcuts.
I didn't have time for the long route.

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I didn't even finish law school.

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My fear was
to have lived this life unnoticed,

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without leaving a mark.

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This led me to wanting
to do more and bigger things,

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and somehow mark my presence
on this earth.

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Joachim Posener and a friend
started the investment company Thul,

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with offices at fancy addresses

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in Stockholm and Copenhagen.

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The only problem was they didn't have
money to do business with.

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In 1991, there was a financial crisis,

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which made it impossible to get a loan.

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But I came up with a way
to use rigged options.

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It doesn't have to exist.
It just has to look like it exists.

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I had invented a way to create
as many assets as I wanted on paper.

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That led to us acquiring
four listed companies in Denmark.

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But at the same time,

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we'd taken a big step
onto the wrong side of the law.

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I'd bought a house.

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I'd just had a daughter.

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And life was great.

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And then the doorbell rings.

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And it's the police.

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From this house, two Swedes tried
to drain millions from the municipality.

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The key figures were sentenced
to six and four and a half years

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00:13:52,600 --> 00:13:56,120
in one of the most unbelievable tales
of financial crime.

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POSENER, JOACHIM RALPH
NORRTÄLJE PRISON

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Joachim Posener
was permanently expelled from Denmark

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00:14:01,800 --> 00:14:04,480
and sentenced to six years in prison

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00:14:04,560 --> 00:14:07,520
for aggravated fraud and tax evasion.

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00:14:08,040 --> 00:14:09,800
It came as a shock

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to receive such a severe sentence

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00:14:12,960 --> 00:14:15,440
to be served in such a tough prison.

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I was 29 years old when I got locked up.

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It was…

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a social catastrophe.

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I lost my house, wife, child, custody…

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00:14:31,080 --> 00:14:32,120
Everything was gone.

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It was a nightmare,
going from this upper middle-class life

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00:14:36,920 --> 00:14:39,200
and driving a BMW to work,

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00:14:39,720 --> 00:14:43,080
to this misery,
with blood and vomit on the walls.

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00:14:46,880 --> 00:14:48,320
Norrtälje prison.

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00:14:49,360 --> 00:14:52,200
It was one of Sweden's toughest prisons

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00:14:52,280 --> 00:14:54,280
with extreme security measures.

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00:14:57,840 --> 00:14:59,440
It's not for me.

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It's for people that are too dangerous
to be around others.

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00:15:03,400 --> 00:15:05,800
I wasn't in the financial world anymore.

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00:15:06,600 --> 00:15:08,040
You're constantly afraid.

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00:15:08,120 --> 00:15:11,400
If you look at the wrong guy
the wrong way at the wrong time,

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00:15:11,480 --> 00:15:12,680
you get beat up.

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They're used to fighting. I'm not.

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00:15:18,240 --> 00:15:21,320
But I learned one thing
from this experience.

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00:15:21,960 --> 00:15:25,200
And that was that I never wanted
to experience it again.

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00:15:29,280 --> 00:15:31,840
Yet it was in prison,

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00:15:31,920 --> 00:15:35,080
first in Norrtälje
and later in an open facility,

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00:15:35,160 --> 00:15:38,560
that Joachim Posener
began planning his next move.

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00:15:38,640 --> 00:15:41,000
What would become the Trustor affair.

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Within a week,
I was thinking about how to do it again.

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But better.

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My mission was to get revenge

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and eventually become legit.

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00:16:02,640 --> 00:16:04,720
I had made it my specialty

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00:16:04,800 --> 00:16:07,600
to buy companies without funding.

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00:16:08,960 --> 00:16:11,640
And that was the plan this time as well.

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00:16:12,160 --> 00:16:16,040
I needed to prove to myself
that it could work,

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00:16:16,560 --> 00:16:19,280
that I could buy companies
with their own money

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00:16:19,360 --> 00:16:21,760
without breaking the law.

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00:16:26,280 --> 00:16:29,240
So I started looking for a listed company,

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00:16:30,120 --> 00:16:33,720
where I could buy the majority stake
and take control.

261
00:16:34,240 --> 00:16:36,720
It should have substantial cash reserves,

262
00:16:36,800 --> 00:16:40,360
and, ideally, undervalued assets.

263
00:16:44,000 --> 00:16:45,000
While on leave,

264
00:16:45,080 --> 00:16:49,400
I'd fill bags with financial magazines
and annual reports.

265
00:16:49,480 --> 00:16:51,800
I'd walk past the guard

266
00:16:51,880 --> 00:16:55,200
and smuggle them into the prison.

267
00:16:56,840 --> 00:16:59,080
I made a list of potential companies.

268
00:17:00,040 --> 00:17:02,440
One of those companies was Trustor,

269
00:17:02,520 --> 00:17:05,280
but it could've been any company.

270
00:17:08,880 --> 00:17:11,720
Since I was in prison,
I needed accomplices.

271
00:17:11,800 --> 00:17:13,720
I couldn't buy listed companies.

272
00:17:13,800 --> 00:17:16,960
I was persona non grata.
My name was ruined.

273
00:17:18,400 --> 00:17:21,480
That's when my cousin contacted me.

274
00:17:24,880 --> 00:17:28,320
JOACHIM - COUSIN THOMAS

275
00:17:28,400 --> 00:17:30,960
Joachim Posener and I are cousins.

276
00:17:31,560 --> 00:17:36,400
In our case,
his mother and my mother were sisters.

277
00:17:36,480 --> 00:17:39,720
So we've basically known each other
our entire lives.

278
00:17:40,240 --> 00:17:42,880
In October or November 1996,

279
00:17:42,960 --> 00:17:47,400
Joachim Posener contacted me from prison.

280
00:17:47,480 --> 00:17:49,560
He wanted me to visit him.

281
00:17:51,760 --> 00:17:53,720
Thomas reached out to me

282
00:17:53,800 --> 00:17:55,560
and said he wanted to visit.

283
00:17:55,640 --> 00:17:56,920
So I said yes.

284
00:17:58,200 --> 00:18:02,960
He started telling me about the Thul case
and what had happened.

285
00:18:04,200 --> 00:18:05,920
And suddenly he says,

286
00:18:07,160 --> 00:18:10,320
"If you're up to something,
I want to be in on it."

287
00:18:10,400 --> 00:18:12,560
"What was it you did in Denmark?"

288
00:18:14,760 --> 00:18:19,080
Joachim asked me to take part
in the deals he wanted to make.

289
00:18:19,680 --> 00:18:24,600
Thomas insisted on being included,
but he knew nothing about this stuff.

290
00:18:24,680 --> 00:18:28,320
He worked in ISO 9000 certification.

291
00:18:28,400 --> 00:18:32,480
I mean, I was educated enough
to understand the concept,

292
00:18:32,560 --> 00:18:36,680
even though I hadn't worked
in that field before.

293
00:18:37,720 --> 00:18:40,240
I needed someone
to attend meetings in my stead,

294
00:18:40,320 --> 00:18:43,360
and he said
he was willing to do as I said.

295
00:18:45,200 --> 00:18:46,920
This was my baby, my thing.

296
00:18:47,000 --> 00:18:51,160
It was very important to me
that there was only one captain.

297
00:18:52,800 --> 00:18:55,320
But I had failed to anticipate

298
00:18:55,400 --> 00:18:59,920
that Thomas would become money-hungry
and filled with hubris.

299
00:19:01,520 --> 00:19:03,840
Welcome, welcome!

300
00:19:03,920 --> 00:19:04,840
This is me.

301
00:19:04,920 --> 00:19:07,440
This is the living room.

302
00:19:07,520 --> 00:19:08,680
And…

303
00:19:09,200 --> 00:19:11,840
There's my conference table
and dining room.

304
00:19:11,920 --> 00:19:14,640
A big American couch.

305
00:19:14,720 --> 00:19:16,400
And this…

306
00:19:16,480 --> 00:19:19,160
This is where I keep my bubbly.

307
00:19:20,440 --> 00:19:23,840
Which I drink when I'm thirsty.

308
00:19:23,920 --> 00:19:25,480
Which I am quite often.

309
00:19:26,520 --> 00:19:28,640
So yeah, it's a refrigerator.

310
00:19:28,720 --> 00:19:31,280
And there's a pretty nice view of Monaco.

311
00:19:33,320 --> 00:19:36,200
I'm going to pour myself a drink.

312
00:19:36,280 --> 00:19:37,720
Oh, it's so bright.

313
00:19:43,240 --> 00:19:44,680
It tastes good.

314
00:19:44,760 --> 00:19:46,360
This is a mini-BBQ.

315
00:19:46,440 --> 00:19:48,600
And a little fridge, a caviar fridge.

316
00:19:48,680 --> 00:19:50,440
Right, let's move on.

317
00:19:50,520 --> 00:19:53,000
I've got a few different coffee machines,

318
00:19:53,080 --> 00:19:54,600
ice maker, etcetera.

319
00:19:54,680 --> 00:19:56,920
And this is the bedroom.

320
00:19:57,000 --> 00:19:58,600
Versace. Only the best.

321
00:19:58,680 --> 00:19:59,520
That's it.

322
00:20:00,160 --> 00:20:03,280
Two hundred square meters
in the best location.

323
00:20:03,360 --> 00:20:05,400
Yeah, it feels good.

324
00:20:05,480 --> 00:20:06,920
It feels fair.

325
00:20:11,160 --> 00:20:15,800
The cousins grew up in good and safe
upper middle-class environments.

326
00:20:15,880 --> 00:20:18,560
Jisander in Askim outside Gothenburg,

327
00:20:18,640 --> 00:20:21,520
and Posener on Lidingö outside Stockholm.

328
00:20:22,200 --> 00:20:23,560
JOACHIM IS GOING ICE-SKATING

329
00:20:24,840 --> 00:20:26,520
I was uncool.

330
00:20:26,600 --> 00:20:30,440
But I had this feeling
that anything was possible.

331
00:20:32,240 --> 00:20:35,240
When was the first time
you took an unlawful loan?

332
00:20:35,920 --> 00:20:39,160
I belonged to a student society.

333
00:20:40,960 --> 00:20:44,120
I was 17 or 18 years old, and…

334
00:20:44,880 --> 00:20:48,040
I needed to pay for something,
and they had cash.

335
00:20:48,120 --> 00:20:51,240
So I took it, intending to pay it back.

336
00:20:51,320 --> 00:20:53,800
But they discovered it was missing.

337
00:20:53,880 --> 00:20:56,480
It was…
No, I don't remember. 10 000 kronor.

338
00:20:57,840 --> 00:21:01,040
Do you think that was an early sign
of your view on loans?

339
00:21:01,960 --> 00:21:05,200
It's more to do
with my view on laws and rules.

340
00:21:05,720 --> 00:21:08,080
I try to follow them as best I can,

341
00:21:08,160 --> 00:21:12,240
but sometimes, when they don't suit me,
I see them as guidelines.

342
00:21:16,240 --> 00:21:21,120
During his leaves, Posener took liberties.

343
00:21:21,200 --> 00:21:24,120
He attended business meetings in Europe,

344
00:21:24,200 --> 00:21:27,080
despite not being allowed
to leave the country.

345
00:21:28,360 --> 00:21:31,680
After four years,
he was released on parole.

346
00:21:32,960 --> 00:21:36,320
He got out sometime in February 1997.

347
00:21:36,400 --> 00:21:38,760
He needed a place to stay,

348
00:21:38,840 --> 00:21:41,560
and I had an apartment I wasn't using.

349
00:21:41,640 --> 00:21:42,840
So he stayed there.

350
00:21:43,960 --> 00:21:48,920
Posener was still under supervision
and banned from any business activities.

351
00:21:49,000 --> 00:21:51,920
But who cares if you're invisible.

352
00:21:52,760 --> 00:21:55,960
I realized
that we needed more collaborators

353
00:21:56,040 --> 00:21:59,720
to help us go all the way
and to open some doors.

354
00:21:59,800 --> 00:22:02,200
And that's when Thomas suggested

355
00:22:02,280 --> 00:22:04,120
his friend Peter Mattsson.

356
00:22:08,520 --> 00:22:12,400
Peter Mattsson was from
a wealthy family in Gothenburg.

357
00:22:14,200 --> 00:22:16,400
To me, Peter Mattsson's chief merit

358
00:22:16,480 --> 00:22:18,960
was that he knew a British Lord,

359
00:22:19,040 --> 00:22:21,960
a Lord who fit my plan perfectly.

360
00:22:34,600 --> 00:22:39,080
Lord Moyne is from the successful
brewery family Guinness.

361
00:22:39,160 --> 00:22:41,480
He had a seat in the House of Lords.

362
00:22:41,560 --> 00:22:44,520
But as a Lord,
he was a bit of an odd character.

363
00:22:45,040 --> 00:22:47,240
He wore worn-out loafers

364
00:22:47,320 --> 00:22:49,440
and Rastafari bracelets.

365
00:22:50,480 --> 00:22:52,160
He practiced yoga

366
00:22:52,680 --> 00:22:55,840
and lived with his wife, Sue, on weekdays,

367
00:22:55,920 --> 00:22:58,800
and with his mistress, Shoe, on weekends.

368
00:22:59,520 --> 00:23:02,320
Business wasn't his cup of tea.

369
00:23:03,160 --> 00:23:05,200
The Lord needed money.

370
00:23:05,720 --> 00:23:07,200
And he'd get that

371
00:23:07,280 --> 00:23:10,360
if he fronted the purchase of Trustor.

372
00:23:11,600 --> 00:23:14,800
He was my hired figurehead.

373
00:23:16,560 --> 00:23:19,440
With a British Lord as a front,

374
00:23:19,520 --> 00:23:22,920
I knew all doors would open to us.

375
00:23:23,880 --> 00:23:27,320
The financial world
was eating out of his hand.

376
00:23:29,080 --> 00:23:32,320
No one in the financial world
was suspicious.

377
00:23:32,400 --> 00:23:36,040
The Lord was portrayed
as a business genius with a lot of money

378
00:23:36,120 --> 00:23:38,240
who wanted to invest in the Nordics.

379
00:23:38,320 --> 00:23:40,960
The group could produce
a British magazine,

380
00:23:41,040 --> 00:23:45,080
which listed him
as one of England's 500 richest.

381
00:23:45,600 --> 00:23:49,560
What they didn't tell anyone
was that this was a factual error.

382
00:23:55,080 --> 00:23:56,760
I had a frontman,

383
00:23:56,840 --> 00:23:58,520
and I had my two assistants,

384
00:23:58,600 --> 00:24:02,120
but a listed company needs a CEO.

385
00:24:03,200 --> 00:24:06,160
It didn't really matter who it was

386
00:24:06,760 --> 00:24:10,760
as long as he was compliant
and knew I'd be calling the shots.

387
00:24:10,840 --> 00:24:14,120
Peter says, "You know what?
I've got a guy. He's great."

388
00:24:14,920 --> 00:24:16,400
Lindsay Smallbone.

389
00:24:19,400 --> 00:24:23,760
Lindsay Smallbone was from New Zealand
but lived in London,

390
00:24:23,840 --> 00:24:27,640
where he moved in upper-class circles
alongside Lord Moyne.

391
00:24:28,360 --> 00:24:31,400
Since he had incurred large debts,

392
00:24:31,480 --> 00:24:34,720
the Trustor offer
came at an opportune time.

393
00:24:35,520 --> 00:24:38,520
Team Moyne was ready.

394
00:24:41,200 --> 00:24:44,920
You can't recruit better people
when you're in prison

395
00:24:45,000 --> 00:24:47,520
than party boys Jisander and Mattson…

396
00:24:49,760 --> 00:24:50,960
and those…

397
00:24:52,360 --> 00:24:53,760
well, bumbling fools,

398
00:24:53,840 --> 00:24:56,080
Lord Moyne and Lindsay Smallbone.

399
00:24:56,160 --> 00:24:57,800
It was like watching a bunch of amateurs,

400
00:24:57,880 --> 00:24:59,960
but back then,
you couldn't look people up,

401
00:25:00,040 --> 00:25:01,440
online, on Google.

402
00:25:01,520 --> 00:25:02,600
That didn't exist.

403
00:25:04,680 --> 00:25:05,520
I chose wrong,

404
00:25:06,960 --> 00:25:08,000
it turned out.

405
00:25:10,840 --> 00:25:13,560
It could've been anyone
but Lindsay Smallbone.

406
00:25:15,240 --> 00:25:17,200
He led to our downfall.

407
00:25:19,840 --> 00:25:22,880
To me, they were just frontmen who I paid.

408
00:25:22,960 --> 00:25:26,080
In order to afford them, and other costs,

409
00:25:26,160 --> 00:25:29,480
I borrowed money in the underworld.

410
00:25:30,040 --> 00:25:32,440
There was no one else I could borrow from.

411
00:25:33,800 --> 00:25:37,840
Hardened criminals
that I'd met at Norrtälje prison.

412
00:25:39,680 --> 00:25:42,880
I offered them 20 million

413
00:25:42,960 --> 00:25:45,440
if they lent me one million kronor.

414
00:25:47,160 --> 00:25:50,120
You didn't mess with them.
They were dangerous.

415
00:25:51,600 --> 00:25:53,520
To not succeed

416
00:25:54,560 --> 00:25:56,280
was no longer an option.

417
00:26:05,520 --> 00:26:10,080
In the spring of 1997,
another person was brought onto the team.

418
00:26:10,600 --> 00:26:15,200
But the recruitment process was informal,
to say the least.

419
00:26:15,280 --> 00:26:18,880
I met Thomas Jisander
in front of a mirror at the gym.

420
00:26:25,240 --> 00:26:27,760
I was there doing some bicep curls.

421
00:26:27,840 --> 00:26:30,480
We were sizing ourselves up
and talking to ourselves in the mirror.

422
00:26:30,560 --> 00:26:34,320
There was another guy
talking to himself, praising his biceps.

423
00:26:34,400 --> 00:26:36,920
"Damn good biceps," or whatever he said.

424
00:26:40,200 --> 00:26:43,840
After a while, we thought
we might as well talk to each other.

425
00:26:45,480 --> 00:26:47,240
That's how we became friends.

426
00:26:53,000 --> 00:26:55,520
Thomas said he had something in the works

427
00:26:55,600 --> 00:26:58,240
and that I could be a part of it.

428
00:26:58,880 --> 00:27:01,040
I was so happy to change industries.

429
00:27:01,120 --> 00:27:03,240
I wanted to get into finance.

430
00:27:03,320 --> 00:27:06,840
This allowed me to make that career move.

431
00:27:08,080 --> 00:27:10,320
I've had one dream since I was little,

432
00:27:10,400 --> 00:27:13,200
and that was to have a house,
my own house.

433
00:27:13,720 --> 00:27:17,360
So my motivation's always been
my wish to build a house.

434
00:27:17,440 --> 00:27:19,920
It wasn't money I was after, but a house.

435
00:27:20,000 --> 00:27:22,480
And I've worked very hard to achieve that.

436
00:27:22,560 --> 00:27:25,040
You can tell I have an inferiority complex

437
00:27:25,120 --> 00:27:26,880
by the size of my house.

438
00:27:29,520 --> 00:27:32,640
I was raised by a single mother
who cleaned hotel rooms.

439
00:27:32,720 --> 00:27:35,600
She did a great job,
but we never had any money.

440
00:27:36,120 --> 00:27:39,800
When you meet other kids
who get bikes and mopeds and…

441
00:27:39,880 --> 00:27:41,120
I never got anything.

442
00:27:41,200 --> 00:27:43,320
It wasn't because my mom was stingy.

443
00:27:43,400 --> 00:27:45,520
She simply couldn't afford it.

444
00:27:45,600 --> 00:27:50,080
And later on, I was placed in foster care.

445
00:27:51,320 --> 00:27:54,520
Unfortunately,
the napkins won't match perfectly,

446
00:27:54,600 --> 00:27:56,440
but it'll be good enough.

447
00:27:59,400 --> 00:28:03,240
At Trustor,
my role was to serve as deputy CEO

448
00:28:03,320 --> 00:28:04,840
and head of office

449
00:28:05,440 --> 00:28:07,760
at the office in Stockholm.

450
00:28:08,800 --> 00:28:13,400
In the spring of '97,
I knew nothing about Joachim Posener.

451
00:28:13,480 --> 00:28:17,320
I later found out that he'd been involved
in a financial mess,

452
00:28:17,400 --> 00:28:19,880
but I wasn't aware of that then.

453
00:28:22,000 --> 00:28:25,880
All of my frontmen knew everything.

454
00:28:29,600 --> 00:28:32,200
They knew who I was,
that I was Joachim Posener.

455
00:28:32,280 --> 00:28:35,160
They knew that I was the one
buying Trustor.

456
00:28:36,240 --> 00:28:41,200
If you group everyone together
and think that everyone knew everything…

457
00:28:41,280 --> 00:28:42,960
You're wrong. It wasn't like that.

458
00:28:43,040 --> 00:28:47,200
Both Djursén and Jisander
knew there was no funding.

459
00:28:47,280 --> 00:28:49,240
At that time, no one knew

460
00:28:49,320 --> 00:28:52,040
that the company was bought
with its own money.

461
00:28:52,120 --> 00:28:56,200
They knew I bought the company
with its own money.

462
00:28:58,040 --> 00:29:01,600
So again, everyone knew everything.

463
00:29:02,720 --> 00:29:05,800
But everything leads back to me.

464
00:29:07,600 --> 00:29:09,520
Since I'm the one who did it.

465
00:29:13,640 --> 00:29:15,960
You've agreed to show your face.

466
00:29:16,040 --> 00:29:17,560
Why are you ready now?

467
00:29:20,640 --> 00:29:24,640
I decided I want to do it wholeheartedly.

468
00:29:24,720 --> 00:29:26,200
I own what I've done.

469
00:29:27,000 --> 00:29:28,360
I'll show myself now,

470
00:29:29,480 --> 00:29:31,400
but then I'll disappear again.

471
00:30:06,280 --> 00:30:08,560
The plan was great.

472
00:30:09,760 --> 00:30:12,400
But you can't control everything.

473
00:30:18,840 --> 00:30:23,120
When negotiations with Trustor
began in the spring of 1997,

474
00:30:23,200 --> 00:30:26,080
Joachim Posener stayed in the background.

475
00:30:27,480 --> 00:30:31,120
I got very good at managing
my assistants remotely.

476
00:30:31,200 --> 00:30:32,480
It was like a little…

477
00:30:32,560 --> 00:30:34,760
a little puppet show.

478
00:30:36,080 --> 00:30:39,320
I called Thomas and told him what to say.

479
00:30:40,200 --> 00:30:42,520
And he did great.

480
00:30:43,120 --> 00:30:46,200
He was obedient, a quick learner,
and easy to control.

481
00:30:46,280 --> 00:30:49,080
So Thomas's job was to be my assistant.

482
00:30:50,000 --> 00:30:52,200
I mean, I wasn't just a mouthpiece.

483
00:30:52,280 --> 00:30:55,840
Many small decisions
had to be made there and then.

484
00:30:56,760 --> 00:31:00,000
I get calls daily
from my gangster friends,

485
00:31:00,080 --> 00:31:02,800
demanding prompt repayment.

486
00:31:02,880 --> 00:31:04,680
So I need to close a deal.

487
00:31:06,840 --> 00:31:08,400
But how would Posener

488
00:31:08,480 --> 00:31:12,080
convince Trustor's founder and owner,
Per-Olov Norberg,

489
00:31:12,160 --> 00:31:14,640
to let go and sell the company?

490
00:31:15,640 --> 00:31:17,920
Trustor was an investment company,

491
00:31:18,000 --> 00:31:21,720
meaning a business
that bought and sold other companies.

492
00:31:21,800 --> 00:31:26,080
And its portfolio held
several valuable assets.

493
00:31:27,760 --> 00:31:29,960
For a long time, the owner, Norberg,

494
00:31:30,040 --> 00:31:31,760
had undervalued these assets.

495
00:31:32,440 --> 00:31:35,400
He was willing to sell on one condition,

496
00:31:36,080 --> 00:31:41,240
if he could buy back some of the assets
at a favorable price.

497
00:31:44,960 --> 00:31:47,200
I'd let him have what he wanted

498
00:31:48,600 --> 00:31:50,920
if he gave me what I wanted.

499
00:31:53,960 --> 00:31:56,480
He'd get to buy back Trustor's assets.

500
00:31:56,560 --> 00:32:00,280
And with that sale,
I'd bring cash into the company.

501
00:32:00,800 --> 00:32:02,400
Again, I didn't have any money.

502
00:32:06,200 --> 00:32:09,680
Joachim Posener
only needed to buy 17% of the shares

503
00:32:09,760 --> 00:32:12,720
to take control of all of Trustor.

504
00:32:12,800 --> 00:32:15,560
These were the superior class A shares,

505
00:32:15,640 --> 00:32:19,600
and by obtaining them,
he'd get majority holding in the company

506
00:32:19,680 --> 00:32:21,920
and get access to the cash reserves.

507
00:32:24,160 --> 00:32:26,480
I needed a short-term loan.

508
00:32:27,400 --> 00:32:31,720
The price tag for the shares
was a quarter of a billion kronor.

509
00:32:31,800 --> 00:32:34,720
If I could borrow that amount overnight,

510
00:32:34,800 --> 00:32:36,960
I could pay for the purchase,

511
00:32:37,040 --> 00:32:39,600
take control of the cash reserves,

512
00:32:39,680 --> 00:32:42,800
and use it to quickly repay the loan.

513
00:32:43,800 --> 00:32:47,680
Twenty-four hours was all I needed
in order to carry out the deal.

514
00:32:49,000 --> 00:32:51,880
Joachim asks me to find a financier.

515
00:32:51,960 --> 00:32:56,280
I managed to find a billionaire
who was willing to lend money.

516
00:32:56,360 --> 00:32:59,000
It's essentially bridge financing.

517
00:32:59,760 --> 00:33:01,160
That's perfectly legal.

518
00:33:01,760 --> 00:33:03,120
The loan was secured,

519
00:33:03,200 --> 00:33:04,800
but a legal issue arose.

520
00:33:04,880 --> 00:33:07,720
A principal owner or board member
of a listed company

521
00:33:07,800 --> 00:33:10,400
can't buy the company's assets.

522
00:33:10,480 --> 00:33:14,880
I solved that
by having Norberg resign before the deal.

523
00:33:15,520 --> 00:33:18,040
That also gave me an unexpected advantage.

524
00:33:18,120 --> 00:33:20,960
Suddenly, I had a five-day grace period
for the payment

525
00:33:21,480 --> 00:33:24,400
and no longer needed Thomas's billionaire.

526
00:33:26,480 --> 00:33:28,280
After this, Joachim says to me

527
00:33:28,360 --> 00:33:32,400
that the financier I found
is no longer needed.

528
00:33:32,480 --> 00:33:35,600
Joachim has come up with another solution.

529
00:33:38,280 --> 00:33:44,640
Joachim Posener had set up
a "get first, pay later" arrangement.

530
00:33:44,720 --> 00:33:47,480
But it created two serious problems.

531
00:33:47,560 --> 00:33:50,720
The purchase price of 241 million

532
00:33:50,800 --> 00:33:54,880
leaves a hole in Trustor's cash reserves
that needs to be covered.

533
00:33:54,960 --> 00:33:58,360
And buying a company with its own money

534
00:33:58,440 --> 00:34:00,360
is illegal.

535
00:34:04,600 --> 00:34:05,640
Everything was ready.

536
00:34:06,320 --> 00:34:09,320
The only thing missing
was Lord Moyne's signature.

537
00:34:09,840 --> 00:34:13,200
Then I realized
I had a big decision to make.

538
00:34:15,560 --> 00:34:20,560
I haven't managed to finalize my solution
that's going to make it legal.

539
00:34:20,640 --> 00:34:22,760
I know that, but I do it anyway.

540
00:34:23,640 --> 00:34:25,080
So I take a gamble.

541
00:34:26,840 --> 00:34:28,480
This is where we differ.

542
00:34:28,560 --> 00:34:30,560
I wouldn't have made that choice.

543
00:34:31,080 --> 00:34:33,200
I was convinced this would work.

544
00:34:37,760 --> 00:34:41,000
JUNE 12, 1997

545
00:34:46,880 --> 00:34:49,720
When the contract with Norberg
is to be signed,

546
00:34:49,800 --> 00:34:51,120
I'm not there.

547
00:34:51,800 --> 00:34:56,800
But I've micromanaged
the meeting beforehand.

548
00:34:56,880 --> 00:34:59,480
Everyone knows what to do,
and everyone does it.

549
00:35:00,920 --> 00:35:02,880
The day the agreement is to be signed…

550
00:35:02,960 --> 00:35:05,880
It's done at the office
of Erik Penser Corporate Finance.

551
00:35:05,960 --> 00:35:08,720
They'd gathered Per-Olov Norberg,
the seller,

552
00:35:08,800 --> 00:35:10,280
Lord Moyne, the buyer…

553
00:35:10,360 --> 00:35:12,920
I was there as a consultant,
Peter Mattsson was there,

554
00:35:13,000 --> 00:35:17,480
and Erik Penser himself
and his three coworkers.

555
00:35:17,560 --> 00:35:22,000
I'm in my room,
waiting for a call confirming it's done.

556
00:35:22,560 --> 00:35:25,560
I didn't have the slightest suspicion

557
00:35:25,640 --> 00:35:28,200
that anything was wrong,

558
00:35:28,280 --> 00:35:31,680
given that it was sanctioned
at all levels.

559
00:35:32,440 --> 00:35:34,200
And finally, the call comes.

560
00:35:35,520 --> 00:35:36,840
It's Thomas.

561
00:35:37,440 --> 00:35:38,680
"It's done, Jocke!"

562
00:35:39,800 --> 00:35:42,120
When the agreement was signed that day,

563
00:35:42,200 --> 00:35:44,960
it was a fantastic moment for everyone.

564
00:35:45,040 --> 00:35:47,040
It was fait accompli.

565
00:35:47,120 --> 00:35:49,200
It was signed. The deal was done.

566
00:35:49,280 --> 00:35:50,680
Right, now…

567
00:35:51,480 --> 00:35:54,400
Now it's champagne o'clock!

568
00:35:54,480 --> 00:35:57,760
Finally, after four years,
the deal had come together.

569
00:35:57,840 --> 00:36:00,960
And then it was just, "Wow, I'm back."

570
00:36:02,120 --> 00:36:03,600
There we go.

571
00:36:15,720 --> 00:36:19,840
Now Team Moyne had access
to Trustor's cash reserves.

572
00:36:20,360 --> 00:36:23,040
But the plan wasn't fully executed yet.

573
00:36:23,120 --> 00:36:26,280
The next step was to arrange the payment.

574
00:36:26,360 --> 00:36:28,760
And they have five days to do it.

575
00:36:29,360 --> 00:36:32,360
Posener sent the gang to a bank in London

576
00:36:32,440 --> 00:36:34,600
to open new accounts.

577
00:36:38,400 --> 00:36:39,880
Damn, this is the place.

578
00:36:44,080 --> 00:36:47,640
The same day they walk in there,

579
00:36:47,720 --> 00:36:51,080
Richard Djursén
walks into S-E-Banken in Stockholm.

580
00:36:51,160 --> 00:36:52,920
I was 35 years old

581
00:36:53,000 --> 00:36:56,720
and got to be part of a transaction
of 620 million kronor.

582
00:36:56,800 --> 00:37:00,960
I thought,
"I'm finally in the financial industry."

583
00:37:01,040 --> 00:37:02,680
That's what I wanted to be.

584
00:37:04,720 --> 00:37:08,240
Richard Djursén transferred
Trustor's money from the bank in Sweden

585
00:37:08,320 --> 00:37:10,080
to the bank in England.

586
00:37:10,160 --> 00:37:13,560
The money was sent
to Thomas Jisander's account,

587
00:37:13,640 --> 00:37:15,520
and then on to Lord Moyne,

588
00:37:15,600 --> 00:37:18,480
who then could pay the former owner.

589
00:37:19,520 --> 00:37:22,440
So it looked as if the Lord was the buyer.

590
00:37:23,880 --> 00:37:25,640
What makes it illegal

591
00:37:25,720 --> 00:37:32,400
is me telling Thomas to send money

592
00:37:32,480 --> 00:37:35,640
from Trustor's account to his own account,

593
00:37:35,720 --> 00:37:37,120
then on to Lord Moyne,

594
00:37:37,200 --> 00:37:40,520
who then pays Norberg
with the company's own money.

595
00:37:43,360 --> 00:37:46,560
I wasn't that involved in that.

596
00:37:46,640 --> 00:37:49,400
Joachim claims to have financing in place,

597
00:37:49,480 --> 00:37:54,000
and I'm instructed
to open an agent account at Barclays Bank

598
00:37:54,080 --> 00:37:57,520
to receive money
from the financier in question.

599
00:37:57,600 --> 00:37:59,880
Who that is, I don't know.

600
00:37:59,960 --> 00:38:02,840
But you knew
you didn't have any financiers.

601
00:38:04,000 --> 00:38:07,480
-No, how am I supposed to know that?
-You two still talked, right?

602
00:38:07,560 --> 00:38:11,560
The money comes from the financier.
That's how I see it.

603
00:38:11,640 --> 00:38:13,320
I send them to Lord Moyne,

604
00:38:13,400 --> 00:38:15,120
who pays Per-Olov Norberg.

605
00:38:15,200 --> 00:38:16,240
Very straightforward.

606
00:38:19,200 --> 00:38:22,400
The deal was done. Trustor was mine.

607
00:38:28,480 --> 00:38:33,000
I sat on a plane, and I looked around.

608
00:38:33,080 --> 00:38:36,120
Everything was good in my life,
and I owned Trustor.

609
00:38:36,880 --> 00:38:38,280
And I thought,

610
00:38:38,800 --> 00:38:39,920
"No one knows it…

611
00:38:43,320 --> 00:38:46,840
but I'm the richest
and most powerful person on this plane."

612
00:39:05,800 --> 00:39:08,920
Trustor's cash reserves
were filled to the brim,

613
00:39:09,000 --> 00:39:11,440
with nearly one billion.

614
00:39:11,520 --> 00:39:14,680
If I'd wanted to take the money and run,

615
00:39:14,760 --> 00:39:17,400
that was the moment to do it.

616
00:39:18,240 --> 00:39:19,840
But I had a different plan.

617
00:39:21,120 --> 00:39:23,800
I wanted to build a corporate empire.

618
00:39:27,120 --> 00:39:31,560
The location for the new corporate empire
was London.

619
00:39:31,640 --> 00:39:35,880
Joachim Posener had figured out
that living abroad

620
00:39:35,960 --> 00:39:39,560
meant no probation officer.

621
00:39:42,000 --> 00:39:46,040
To get established, Team Moyne
enlisted the help of a local talent.

622
00:40:00,080 --> 00:40:01,120
Skål!

623
00:40:02,800 --> 00:40:05,680
The first task was to find an office.

624
00:40:23,080 --> 00:40:24,600
Our office was here.

625
00:40:25,920 --> 00:40:27,360
And it was

626
00:40:27,880 --> 00:40:30,840
"the place to be" in London at the time.

627
00:40:31,360 --> 00:40:35,040
And my room was that one,

628
00:40:35,120 --> 00:40:38,520
at the top, with its own terrace.

629
00:40:38,600 --> 00:40:40,480
We fought over that room.

630
00:40:41,160 --> 00:40:43,280
Everyone wanted it, but I won.

631
00:40:55,920 --> 00:41:00,680
There, I could sit and listen
to meetings going on next-door,

632
00:41:01,880 --> 00:41:04,920
instructing Thomas over the phone

633
00:41:05,000 --> 00:41:07,360
so he would say what I wanted him to.

634
00:41:07,880 --> 00:41:12,240
So I asked Michael Wynn-Parker
to help furnish the office.

635
00:41:12,320 --> 00:41:15,440
It had to be luxurious.
It had to be "investment banking."

636
00:41:15,520 --> 00:41:18,000
It had to be top-notch.

637
00:41:33,080 --> 00:41:37,720
To me, the appearance
was really important.

638
00:41:37,800 --> 00:41:41,720
Because I knew that opened
new doors and new opportunities.

639
00:41:47,320 --> 00:41:48,880
It was expensive as hell.

640
00:41:49,400 --> 00:41:52,480
Apparently, it had been
at the Palace of Versailles.

641
00:41:52,560 --> 00:41:55,080
It was nice. I wonder what happened to it.

642
00:42:01,840 --> 00:42:04,720
Everyone on Team Moyne
charged a fee for their work.

643
00:42:04,800 --> 00:42:06,400
It's not illegal in itself,

644
00:42:06,480 --> 00:42:09,520
but what stood out
was the size of the amounts.

645
00:42:10,120 --> 00:42:11,360
Money was transferred

646
00:42:11,440 --> 00:42:15,280
to banks with high secrecy
around the world.

647
00:42:15,800 --> 00:42:20,160
And transfers were also made
to girlfriends and family members.

648
00:42:21,800 --> 00:42:23,760
Ahead of the half-year accounts,

649
00:42:23,840 --> 00:42:26,760
they managed to hide
the hole in the cash reserves

650
00:42:26,840 --> 00:42:28,880
with the help of a bank in Luxembourg,

651
00:42:28,960 --> 00:42:31,000
that could arrange a "window dressing",

652
00:42:31,080 --> 00:42:32,920
meaning an overnight loan.

653
00:42:50,800 --> 00:42:53,560
They started living lavishly
after the deal.

654
00:42:53,640 --> 00:42:54,920
Very lavishly.

655
00:42:55,000 --> 00:42:56,920
Joachim Posener lived in a hotel.

656
00:42:57,800 --> 00:43:01,720
Thomas Jisander and Peter Mattsson
decorated a shared apartment.

657
00:43:04,000 --> 00:43:08,480
It was an amazing penthouse
with a wraparound terrace,

658
00:43:08,560 --> 00:43:10,840
a view of all of London and Hyde Park,

659
00:43:10,920 --> 00:43:14,040
grand parlors and gold faucets.

660
00:43:15,080 --> 00:43:18,240
My bedroom was all Versace.
I was totally into the Versace thing.

661
00:43:18,320 --> 00:43:21,880
Versace bedspreads, Versace cushions,
Versace dressing gowns…

662
00:43:21,960 --> 00:43:23,600
And so on.

663
00:43:24,120 --> 00:43:25,640
Amazing apartment.

664
00:43:28,080 --> 00:43:32,360
We were going to split up for the summer,
take a break and wait until the fall

665
00:43:32,440 --> 00:43:34,760
for the work to start in earnest.

666
00:43:35,800 --> 00:43:38,280
I told Thomas, "Lie low."

667
00:43:45,640 --> 00:43:47,960
Celebrating should be fun, not boring.

668
00:43:48,040 --> 00:43:51,400
How do you have fun?
By doing what your body tells you to.

669
00:43:53,480 --> 00:43:56,720
Here we are, on Pampelonne Beach,

670
00:43:57,320 --> 00:43:58,760
27 years later.

671
00:43:59,480 --> 00:44:00,960
It's a bit exciting

672
00:44:01,480 --> 00:44:03,360
to "walk the plant."

673
00:44:04,440 --> 00:44:05,440
It's kind of fun.

674
00:44:05,520 --> 00:44:08,040
A little nerve-wracking, but exciting.

675
00:44:08,120 --> 00:44:10,760
Now we're getting close to the beach

676
00:44:10,840 --> 00:44:14,040
where we partied after the amazing deal.

677
00:44:14,120 --> 00:44:17,320
The bar was here. From there…

678
00:44:17,400 --> 00:44:18,600
We did a good job.

679
00:44:18,680 --> 00:44:19,520
…to here.

680
00:44:19,600 --> 00:44:22,320
I was paid well for my effort.

681
00:44:22,400 --> 00:44:24,440
It was very well-earned money.

682
00:44:24,520 --> 00:44:26,080
It was a square structure.

683
00:44:26,160 --> 00:44:27,600
Then you want to celebrate.

684
00:44:30,000 --> 00:44:32,160
We do that with a yacht down on the coast.

685
00:44:32,240 --> 00:44:34,320
Wake up. It's time to pop the cork.

686
00:44:34,400 --> 00:44:38,480
We boarded that boat in late June,
if I remember correctly.

687
00:44:38,560 --> 00:44:40,480
We had it for almost two months.

688
00:44:42,760 --> 00:44:44,960
The boat had a helicopter pad.

689
00:44:45,040 --> 00:44:49,920
The idea wasn't to fly 200 meters
from the boat to the beach,

690
00:44:50,000 --> 00:44:52,440
but that's exactly why it was so fun.

691
00:44:53,200 --> 00:44:57,040
You keep wanting to raise the bar.
"What are we doing this time?"

692
00:44:57,120 --> 00:45:01,440
So then I dressed up
to spice things up a bit.

693
00:45:01,520 --> 00:45:04,920
I put on a bra, high heels,

694
00:45:05,000 --> 00:45:06,880
and big Elton John-style glasses,

695
00:45:07,520 --> 00:45:11,240
to the deafening music from Star Wars.

696
00:45:13,240 --> 00:45:15,520
So we flew from here.

697
00:45:16,280 --> 00:45:18,200
In there. What is it, 500 meters?

698
00:45:19,320 --> 00:45:20,160
Up in the air.

699
00:45:20,240 --> 00:45:23,520
The only place to land
was the roof of the bar.

700
00:45:24,800 --> 00:45:27,560
The bar at Voile Rouge
was made of concrete.

701
00:45:27,640 --> 00:45:29,800
Four pillars and a very sturdy roof.

702
00:45:29,880 --> 00:45:31,800
And that's where we landed.

703
00:45:31,880 --> 00:45:35,880
But little did we know
what effect those rotors had.

704
00:45:37,640 --> 00:45:42,400
We landed on the roof,
aiming to make an amazing entrance, but…

705
00:45:42,480 --> 00:45:44,080
Everything blew away.

706
00:45:44,160 --> 00:45:45,840
People were eating lunch.

707
00:45:45,920 --> 00:45:47,760
The whole thing blew away.

708
00:45:49,200 --> 00:45:53,280
Everything went flying.
People got food in their faces, bolognese…

709
00:45:54,120 --> 00:45:56,480
…fish dishes, seafood buffets, everything,

710
00:45:56,560 --> 00:45:59,880
ended up in the faces of the fancy folk.

711
00:45:59,960 --> 00:46:04,120
It was a battlefield, a war zone.
I thought, "What the hell do we do?"

712
00:46:04,200 --> 00:46:08,160
I came out in high spirits,
but people wanted to lynch us.

713
00:46:08,240 --> 00:46:12,360
To make up for the damage,
I thought, "I'll order champagne."

714
00:46:12,440 --> 00:46:14,320
I ordered everything they had.

715
00:46:14,400 --> 00:46:15,800
"What do you mean, everything?"

716
00:46:16,320 --> 00:46:17,160
"Everything!"

717
00:46:22,160 --> 00:46:24,800
It was as if the money
was burning a hole in his pockets.

718
00:46:26,080 --> 00:46:27,160
It was crazy.

719
00:46:32,440 --> 00:46:36,320
It must have been one of the best summers
for everyone at that beach,

720
00:46:36,400 --> 00:46:39,800
at Voile Rouge in July 1997.

721
00:46:39,880 --> 00:46:44,520
That bill came out to
408 bottles of Cristal.

722
00:46:51,200 --> 00:46:52,880
Meanwhile in Sweden,

723
00:46:52,960 --> 00:46:56,560
deputy CEO Richard Djursén
was trying to hold the fort

724
00:46:56,640 --> 00:46:59,600
at the quieter Stockholm office.

725
00:46:59,680 --> 00:47:04,520
I worked during the summer.
I was given a lot of strange tasks.

726
00:47:05,560 --> 00:47:10,040
It could be anything and everything,
and a lot of it was pretty menial.

727
00:47:10,120 --> 00:47:13,680
I was to change locks on doors,
buy a new fax machine…

728
00:47:13,760 --> 00:47:17,880
There were flight tickets in names
that had nothing to do with Trustor.

729
00:47:17,960 --> 00:47:20,640
I ran a lot of personal errands for them.

730
00:47:20,720 --> 00:47:24,520
Thomas had an apartment in Vasastan,
not far from where I lived.

731
00:47:24,600 --> 00:47:27,360
So I got his mail and paid his bills.

732
00:47:27,440 --> 00:47:29,080
With his money, of course.

733
00:47:33,680 --> 00:47:35,240
It's starting to rain, so…

734
00:47:35,760 --> 00:47:38,640
It's always nicer to get them under cover

735
00:47:38,720 --> 00:47:41,880
because of all the pollen in the air.

736
00:47:41,960 --> 00:47:46,000
But it's more of a matter of hygiene.
I think it makes sense.

737
00:47:46,680 --> 00:47:48,800
It's a good workout too, huh?

738
00:47:50,920 --> 00:47:52,400
Running back and forth.

739
00:47:52,480 --> 00:47:54,360
You don't have to do that in Marbella.

740
00:47:54,440 --> 00:47:56,320
Right, now that's done.

741
00:47:56,400 --> 00:47:57,640
It's picking up.

742
00:47:59,160 --> 00:48:00,280
Oh, hell.

743
00:48:01,440 --> 00:48:04,560
That summer,
I got a call from Richard Djursén.

744
00:48:05,160 --> 00:48:06,080
He was hysterical.

745
00:48:06,160 --> 00:48:10,160
"Jocke, you have to do something.
It's going to be a disaster."

746
00:48:10,240 --> 00:48:15,120
He explained that Thomas had ended up
in Paris Match magazine

747
00:48:15,200 --> 00:48:18,160
with his champagne parties.

748
00:48:18,240 --> 00:48:19,560
So I called him.

749
00:48:20,240 --> 00:48:22,640
But there was no stopping him.

750
00:48:25,120 --> 00:48:29,480
No one could accuse them of keeping
a low profile on the French Riviera.

751
00:48:29,560 --> 00:48:33,480
Thomas Jisander got the nickname
"Mr. No Limit."

752
00:48:34,000 --> 00:48:38,000
He and Peter Mattsson
each bought a Ferrari on impulse.

753
00:48:38,600 --> 00:48:40,920
One blue Ferrari, a F355,

754
00:48:41,000 --> 00:48:43,320
and the same model in red.

755
00:48:43,400 --> 00:48:46,600
They were around 1.1-1.2 million francs.

756
00:48:46,680 --> 00:48:50,160
We paid cash,
got in the cars, and drove off.

757
00:48:53,480 --> 00:48:55,120
I never saw that car again.

758
00:48:56,400 --> 00:48:58,200
I had it for 15 minutes.

759
00:48:58,280 --> 00:48:59,880
I don't know where it went.

760
00:48:59,960 --> 00:49:01,320
It was forgotten.

761
00:49:01,840 --> 00:49:04,080
Because so much happened that summer.

762
00:49:04,720 --> 00:49:06,240
We had one car left.

763
00:49:06,760 --> 00:49:09,600
So we decided to drive down

764
00:49:09,680 --> 00:49:12,120
to the Versace store in Saint-Tropez.

765
00:49:12,200 --> 00:49:15,480
What I heard afterward was terribly…

766
00:49:15,560 --> 00:49:18,120
It was the opposite of what you should do

767
00:49:18,200 --> 00:49:22,640
if you've just bought a company
with its own money,

768
00:49:22,720 --> 00:49:24,640
attract unnecessary attention.

769
00:49:24,720 --> 00:49:27,480
We were always competing with each other.

770
00:49:29,560 --> 00:49:30,480
Kind of.

771
00:49:30,560 --> 00:49:35,960
I could never have imagined
that someone could be so reckless.

772
00:49:36,480 --> 00:49:38,280
But I underestimated Thomas.

773
00:49:38,360 --> 00:49:42,360
The summer of 1997,
the Versace store was here.

774
00:49:42,440 --> 00:49:45,200
We rolled up from over there.

775
00:49:45,720 --> 00:49:46,920
I stopped there.

776
00:49:48,720 --> 00:49:52,520
I drop Peter off,
and just before he gets out, he says,

777
00:49:52,600 --> 00:49:56,320
"There won't be a single thing left
by the time you come in."

778
00:49:56,840 --> 00:50:00,640
And he walked straight into the store.
We'd had a few drinks.

779
00:50:00,720 --> 00:50:03,560
"There will be nothing left
for you at all."

780
00:50:03,640 --> 00:50:06,160
He bought everything in every size.

781
00:50:06,240 --> 00:50:08,120
That triggered me.

782
00:50:08,200 --> 00:50:10,360
"How do I top this?"

783
00:50:10,440 --> 00:50:13,040
So I told them I wanted the rest.

784
00:50:13,560 --> 00:50:14,560
"There's nothing."

785
00:50:14,640 --> 00:50:16,720
"I'll take the checkout counter."

786
00:50:16,800 --> 00:50:20,120
"I want the cash register
and the changing room decor."

787
00:50:20,200 --> 00:50:23,040
"I want the drapes, curtains,
and light fixtures."

788
00:50:23,120 --> 00:50:24,680
"Take it all down."

789
00:50:24,760 --> 00:50:27,800
Wires and shit are hanging here.

790
00:50:27,880 --> 00:50:31,360
It's completely gutted,
like a hand grenade's gone off.

791
00:50:31,440 --> 00:50:34,440
Then the owner takes a screwdriver…

792
00:50:34,520 --> 00:50:36,360
There was a Medusa here.

793
00:50:36,440 --> 00:50:37,920
It was split in half,

794
00:50:38,000 --> 00:50:40,440
so that you could open the door like so.

795
00:50:40,520 --> 00:50:41,440
It was amazing.

796
00:50:41,520 --> 00:50:43,920
So he unscrewed the handles.

797
00:50:44,000 --> 00:50:45,560
Not a single thing left.

798
00:50:45,640 --> 00:50:46,800
Picked clean.

799
00:50:48,200 --> 00:50:52,920
What did the final bill come to
that summer in Saint-Tropez?

800
00:50:53,000 --> 00:50:54,360
Oh, I don't know.

801
00:50:54,440 --> 00:50:56,160
I can do a rough estimate.

802
00:50:56,240 --> 00:50:59,840
The boat cost 3-4 million a week,
plus fuel and…

803
00:50:59,920 --> 00:51:01,720
Yeah, something like that.

804
00:51:03,560 --> 00:51:05,920
We had it for eight weeks. Well…

805
00:51:07,240 --> 00:51:08,800
50 million, maybe?

806
00:51:09,520 --> 00:51:10,960
Something like that. 40?

807
00:51:14,320 --> 00:51:15,560
Was it worth it?

808
00:51:15,640 --> 00:51:16,680
Yes, it was.

809
00:51:19,560 --> 00:51:22,600
So how much did Trustor pay you in total?

810
00:51:22,680 --> 00:51:26,360
I don't know the number.
I'm so old now. I don't remember.

811
00:51:29,680 --> 00:51:34,000
If these boys hadn't been
gallivanting around the French Riviera,

812
00:51:34,080 --> 00:51:37,160
they'd probably have gotten away with it.

813
00:51:37,760 --> 00:51:41,360
This is the the old hand in finance
Björn Björnsson.

814
00:51:41,440 --> 00:51:44,720
He's been called
the Terminator of the business world,

815
00:51:44,800 --> 00:51:47,240
the industry's own sheriff.

816
00:51:47,320 --> 00:51:49,080
I think everyone wanted this…

817
00:51:50,720 --> 00:51:53,480
That's the harsh reality. Money talks.

818
00:51:54,440 --> 00:51:57,080
That might make you turn a blind eye.

819
00:51:58,960 --> 00:52:03,280
Björn Björnsson was the one
who ended up taking on the most roles.

820
00:52:03,360 --> 00:52:07,200
The first role was as a member
of Trustor's board

821
00:52:07,280 --> 00:52:09,080
when the purchase was made.

822
00:52:09,600 --> 00:52:14,280
When Lord Moyne was listed as the owner
of Trustor's class A shares,

823
00:52:14,360 --> 00:52:16,720
I assumed they had been paid for.

824
00:52:17,800 --> 00:52:19,280
But that wasn't the case.

825
00:52:21,640 --> 00:52:26,320
You can't take 241 million kronor
without anyone noticing.

826
00:52:26,400 --> 00:52:28,600
Sooner or later, you get caught.

827
00:52:29,120 --> 00:52:32,600
There must have been
a continuation of the plan.

828
00:52:32,680 --> 00:52:34,320
Some master plan.

829
00:52:39,520 --> 00:52:44,720
My long-term plan was
to build and own a corporate group.

830
00:52:45,240 --> 00:52:49,720
I was going to do that
through classic nested ownership.

831
00:52:50,240 --> 00:52:54,000
That is, one company owns another company,
which owns a third.

832
00:52:54,080 --> 00:52:56,560
If the first company was worth one billion

833
00:52:56,640 --> 00:52:59,640
and the second was worth five billion,

834
00:52:59,720 --> 00:53:02,520
the third could be worth ten billion.

835
00:53:03,240 --> 00:53:04,920
So after buying Trustor,

836
00:53:05,000 --> 00:53:07,760
I could use Trustor's cash reserves

837
00:53:07,840 --> 00:53:09,400
to make my next purchase.

838
00:53:09,920 --> 00:53:13,240
Wilson, the international sports brand.

839
00:53:13,320 --> 00:53:16,000
But the money came four days late,

840
00:53:16,080 --> 00:53:17,880
so the deal fell through.

841
00:53:18,400 --> 00:53:23,720
That's how close I was to getting
the next company in my nested ownership.

842
00:53:28,960 --> 00:53:32,400
One part of the plan
was to buy new companies

843
00:53:32,480 --> 00:53:35,320
and sell off Trustor's assets.

844
00:53:35,840 --> 00:53:39,680
After the summer,
when we gathered at the office in London,

845
00:53:39,760 --> 00:53:42,520
the situation had changed completely.

846
00:53:44,200 --> 00:53:47,720
It was time to dust ourselves off,
you know, wash the suits,

847
00:53:47,800 --> 00:53:51,880
get back to business,
and see if there were deals to be made.

848
00:53:52,400 --> 00:53:56,800
Every morning,
I went from the apartment to the office

849
00:53:56,880 --> 00:53:59,760
with two privately chauffeured cars.

850
00:53:59,840 --> 00:54:01,840
I rode in one, the one in front,

851
00:54:01,920 --> 00:54:04,360
and in the one in the back, my briefcase.

852
00:54:05,720 --> 00:54:10,160
And I have a very free approach
with regard to when you should be at work.

853
00:54:11,800 --> 00:54:13,800
Thomas came on Tuesday
and left on Thursday.

854
00:54:13,880 --> 00:54:16,520
And we argued constantly.

855
00:54:16,600 --> 00:54:20,760
Thomas, who had been my loyal henchman.

856
00:54:20,840 --> 00:54:23,040
He'd done everything. It'd been perfect.

857
00:54:23,640 --> 00:54:24,800
And then he just

858
00:54:25,320 --> 00:54:26,480
went off the rails.

859
00:54:26,560 --> 00:54:27,960
He allied himself with Peter.

860
00:54:28,040 --> 00:54:30,800
They formed a team,
when it used to be Thomas and me.

861
00:54:30,880 --> 00:54:34,440
I felt I'm losing control over him
more and more.

862
00:54:34,520 --> 00:54:37,040
My focus was on finding the solution

863
00:54:37,120 --> 00:54:39,520
that would make my ownership legal.

864
00:54:39,600 --> 00:54:43,360
The annual accounts
were due on December 31.

865
00:54:43,440 --> 00:54:46,240
This was September. I had four months.

866
00:54:47,000 --> 00:54:51,600
So I had to keep Thomas somewhat in check.

867
00:54:52,920 --> 00:54:57,880
I think it pained him
not to be in the financial limelight

868
00:54:57,960 --> 00:54:59,920
and feel what I felt.

869
00:55:00,000 --> 00:55:01,640
If I said A, he said B.

870
00:55:01,720 --> 00:55:04,960
Just to make a point
that he also was important.

871
00:55:06,880 --> 00:55:12,240
My control of Trustor was built on
Thomas acting as my buffer to the world.

872
00:55:12,320 --> 00:55:16,640
And I had entrusted him with the money.

873
00:55:16,720 --> 00:55:19,520
The money was in his account, not mine.

874
00:55:19,600 --> 00:55:21,640
Suddenly, he had the power.

875
00:55:22,720 --> 00:55:25,360
We ended up screaming at each other,

876
00:55:25,440 --> 00:55:27,320
like children, in front of everyone.

877
00:55:27,400 --> 00:55:29,000
Suddenly, my hired lackeys

878
00:55:29,080 --> 00:55:32,080
wanted all decisions
to be voted on and decided collectively.

879
00:55:32,160 --> 00:55:35,720
Lord Moyne and Lindsay Smallbone
were on the board.

880
00:55:35,800 --> 00:55:37,080
I had no role at all.

881
00:55:38,080 --> 00:55:41,000
Then Thomas and Peter

882
00:55:41,080 --> 00:55:46,200
were trying to stop a journalist
who had showed up.

883
00:55:46,280 --> 00:55:47,720
I didn't think anything of it.

884
00:55:47,800 --> 00:55:50,120
They just wanted to ask a few questions.

885
00:55:50,200 --> 00:55:52,320
I think that's normal after a deal.

886
00:55:54,960 --> 00:55:56,360
It was a coincidence.

887
00:55:56,440 --> 00:55:58,840
I was fairly new at Svenska Dagbladet.

888
00:55:58,920 --> 00:56:01,320
I was given various assignments.

889
00:56:01,400 --> 00:56:03,840
Lord Moyne had just bought Trustor.

890
00:56:03,920 --> 00:56:05,160
Then we thought,

891
00:56:05,240 --> 00:56:09,200
"Maybe we should interview him
and try to portray him."

892
00:56:09,280 --> 00:56:10,640
So I got started.

893
00:56:13,760 --> 00:56:18,240
But when I called Trustor the next day,
they weren't there.

894
00:56:18,320 --> 00:56:21,240
I got a hold of Richard Djursén,

895
00:56:21,320 --> 00:56:24,440
who promised to arrange it.

896
00:56:24,520 --> 00:56:26,120
I call Team Moyne,

897
00:56:26,200 --> 00:56:30,280
and they come up with
one reason after another

898
00:56:30,360 --> 00:56:33,440
to postpone the interview.

899
00:56:33,520 --> 00:56:36,320
The journalist got annoyed,
to say the least.

900
00:56:36,400 --> 00:56:40,120
At that time, it didn't occur to me
that it could be a scam.

901
00:56:40,200 --> 00:56:42,000
I just wanted insight.

902
00:56:42,080 --> 00:56:45,280
The more he discovered,
the more curious he became.

903
00:56:45,360 --> 00:56:49,360
I felt that something wasn't right.

904
00:56:49,880 --> 00:56:52,600
It was uncertain
whether Lord Moyne had any money

905
00:56:52,680 --> 00:56:54,360
and whether he was

906
00:56:54,440 --> 00:56:56,800
the prominent businessman
of the Guinness family

907
00:56:56,880 --> 00:56:59,240
that he had made himself out to be, and…

908
00:56:59,320 --> 00:57:02,320
In fact,
he was the black sheep of the family.

909
00:57:02,400 --> 00:57:06,720
Then I learned about Peter Mattsson,
that he'd been involved in a company

910
00:57:06,800 --> 00:57:11,120
where they swindled wealthy Englishmen
out of their fortunes.

911
00:57:11,200 --> 00:57:14,600
Lindsay Smallbone had also run companies

912
00:57:14,680 --> 00:57:17,440
where he'd taken money for himself.

913
00:57:18,640 --> 00:57:20,480
Small-time crooks, basically.

914
00:57:20,560 --> 00:57:23,040
I had no idea about any of this.

915
00:57:23,120 --> 00:57:25,680
Their skeletons
came tumbling out of the closets,

916
00:57:25,760 --> 00:57:29,360
everything they'd kept from me
in order to be in on the deal.

917
00:57:29,960 --> 00:57:33,760
The irony is that if they'd given me
an interview the next day,

918
00:57:33,840 --> 00:57:35,400
the first time I called,

919
00:57:35,920 --> 00:57:39,560
there'd be no Trustor affair,
at least not because of me.

920
00:57:44,160 --> 00:57:48,560
But something else happened
that set things in motion that fall.

921
00:57:49,280 --> 00:57:53,480
An English private detective,
with offices in both London and Stockholm,

922
00:57:53,560 --> 00:57:55,600
received a new assignment.

923
00:58:06,280 --> 00:58:09,040
His assignment was to dig up dirt

924
00:58:09,120 --> 00:58:12,120
on one of the parties in a legal dispute.

925
00:58:12,200 --> 00:58:14,840
And that person happened to be…

926
00:58:14,920 --> 00:58:19,240
Lindsay Smallbone, Trustor's new CEO.

927
00:59:12,040 --> 00:59:15,200
The noose was tightened
from several directions.

928
00:59:15,280 --> 00:59:17,320
One investigative journalist,

929
00:59:17,400 --> 00:59:20,600
and in another part of the world,
a private investigator.

930
00:59:20,680 --> 00:59:24,000
And then the police
happened to stumble in.

931
00:59:24,640 --> 00:59:26,400
The same day the private eye

932
00:59:26,480 --> 00:59:29,680
stumbled across
Trustor's change of ownership,

933
00:59:29,760 --> 00:59:34,320
he had a meeting with the police
on a completely different matter.

934
00:59:34,400 --> 00:59:37,920
It was Friday, October 17, 1997.

935
00:59:47,360 --> 00:59:51,400
That day, a lengthy phone call
became the prelude

936
00:59:51,480 --> 00:59:54,600
to one of Sweden's
largest police investigations.

937
01:00:00,600 --> 01:00:02,840
I pointed to my colleague.

938
01:00:02,920 --> 01:00:07,200
Nigel went there, they started talking,
and I continued with my call.

939
01:00:22,240 --> 01:00:25,280
I could see them getting worked up.

940
01:00:33,400 --> 01:00:36,760
He told me
it was the investment company Trustor.

941
01:00:45,840 --> 01:00:48,440
It was a coincidence
that we got this information.

942
01:00:48,520 --> 01:00:53,920
That's what started us
gathering intelligence

943
01:00:54,000 --> 01:00:56,880
and working towards
a preliminary investigation.

944
01:00:58,960 --> 01:01:03,440
Nigel also said there was a journalist
who'd been in contact with them.

945
01:01:03,520 --> 01:01:05,280
So I decided

946
01:01:05,360 --> 01:01:08,680
to have him come in
to find out what he knew.

947
01:01:08,760 --> 01:01:14,240
So we made a deal,
where we decided to exchange information.

948
01:01:19,720 --> 01:01:23,680
I knew an article was being published,
a very negative one,

949
01:01:23,760 --> 01:01:25,080
at the end of October.

950
01:01:26,520 --> 01:01:31,000
But I didn't know
the police had launched an investigation.

951
01:01:31,720 --> 01:01:34,400
At that moment, I had a trip booked

952
01:01:34,480 --> 01:01:37,680
with my daughter and my girlfriend.

953
01:01:37,760 --> 01:01:41,400
It was the first time
my daughter and I would travel together.

954
01:01:41,480 --> 01:01:43,080
Since I'd been in prison,

955
01:01:43,160 --> 01:01:46,440
I'd missed four of her five years.

956
01:01:46,520 --> 01:01:51,400
Those important years of diaper changes
and crying in Daddy's arms.

957
01:01:51,480 --> 01:01:54,560
This was our chance to get a fresh start.

958
01:01:56,080 --> 01:01:57,920
So I decided to go anyway,

959
01:01:58,000 --> 01:02:01,120
and we went to Barbados for a week.

960
01:02:06,880 --> 01:02:09,600
It was important to get started quickly,

961
01:02:09,680 --> 01:02:14,280
to focus on what had happened
and who had done what.

962
01:02:15,080 --> 01:02:20,240
We started looking into this
and found that Lord Moyne was flat broke.

963
01:02:20,920 --> 01:02:24,280
At the same time,
we looked at these Swedes,

964
01:02:24,360 --> 01:02:26,840
Peter Mattsson and Thomas Jisander.

965
01:02:26,920 --> 01:02:29,920
Did they perhaps have any credit cards?

966
01:02:30,000 --> 01:02:31,320
Indeed, they did.

967
01:02:32,000 --> 01:02:36,040
They'd spent large sums in Saint-Tropez.

968
01:02:36,120 --> 01:02:38,080
They'd bought cases of champagne,

969
01:02:38,160 --> 01:02:39,600
rented helicopters,

970
01:02:39,680 --> 01:02:41,080
rented a boat,

971
01:02:41,160 --> 01:02:44,040
and lived a life of excess.

972
01:02:44,120 --> 01:02:47,320
That added even more fuel to the fire.

973
01:02:47,840 --> 01:02:50,280
We contacted the Riksbank

974
01:02:50,360 --> 01:02:54,640
to see if any large amounts
had been sent abroad.

975
01:02:54,720 --> 01:02:59,760
We found that over 600 million kronor
had been paid out

976
01:02:59,840 --> 01:03:03,120
to an account at Barclays Bank in London.

977
01:03:03,200 --> 01:03:06,240
And they informed us that it was...

978
01:03:09,040 --> 01:03:10,960
Then we realized it was serious.

979
01:03:14,960 --> 01:03:18,320
The police and the journalist
kept digging,

980
01:03:18,400 --> 01:03:21,080
and piece by piece, the image cleared.

981
01:03:27,280 --> 01:03:30,680
There was a lot of back and forth
before the article was published.

982
01:03:32,480 --> 01:03:34,400
Was it correct or not?

983
01:03:34,480 --> 01:03:37,200
We had to go through everything.

984
01:03:39,840 --> 01:03:43,120
Then Gunnar Lindstedt
published his article.

985
01:03:45,720 --> 01:03:47,480
And everything exploded.

986
01:03:47,560 --> 01:03:51,000
THE POLICE INVESTIGATE TRUSTOR DEALS

987
01:03:51,080 --> 01:03:53,320
POWER STRUGGLE EMBOLDENED LORD

988
01:03:53,400 --> 01:03:56,160
PEOPLE INVOLVED IN THE TRUSTOR PLOT

989
01:03:56,240 --> 01:03:59,480
I think Team Moyne in London panicked.

990
01:03:59,560 --> 01:04:03,120
They were demanding answers
to questions I can't remember.

991
01:04:03,200 --> 01:04:05,240
But it was back and forth.

992
01:04:05,320 --> 01:04:08,400
I was to do things, find out things,
deny this and that.

993
01:04:09,560 --> 01:04:11,680
We went to Trustor's office,

994
01:04:11,760 --> 01:04:14,280
and Richard Djursén was there.

995
01:04:15,000 --> 01:04:17,720
We sat down and talked to Djursén.

996
01:04:17,800 --> 01:04:21,000
After a while, he broke down completely.

997
01:04:21,760 --> 01:04:25,160
We needed to find out
who was in charge of this deal.

998
01:04:27,800 --> 01:04:32,560
Three people were part
of the Lord's entourage,

999
01:04:32,640 --> 01:04:36,040
Peter Mattsson,
Thomas Jisander, and Joe Falk.

1000
01:04:36,120 --> 01:04:38,320
He was completely unknown to us.

1001
01:04:38,920 --> 01:04:42,520
My sources said
this person was very important.

1002
01:04:43,200 --> 01:04:44,880
Who is Joe Falk?

1003
01:04:48,240 --> 01:04:51,960
It was clear he had a prominent role.

1004
01:04:54,240 --> 01:04:56,000
Who was Joe Falk?

1005
01:04:58,360 --> 01:05:02,360
That evening, Richard Djursén
called one of my colleagues.

1006
01:05:02,440 --> 01:05:05,520
"Look into Thomas Jisander's cousin."

1007
01:05:06,680 --> 01:05:09,800
Then we checked the criminal records.

1008
01:05:09,880 --> 01:05:13,560
And who did we find? Well, Joe Falk.

1009
01:05:14,080 --> 01:05:18,080
But his real name was Joachim Posener.

1010
01:05:26,360 --> 01:05:29,400
When preparing the Trustor deal,
I couldn't use my own name,

1011
01:05:29,480 --> 01:05:31,280
so I used made-up names.

1012
01:05:32,920 --> 01:05:35,640
Joakim Rolfsson, Ralph Jobe,

1013
01:05:35,720 --> 01:05:38,000
and also Joe Falk.

1014
01:05:38,760 --> 01:05:43,440
I didn't want anyone to link
the name Joachim Posener to Trustor.

1015
01:05:47,960 --> 01:05:49,280
While I'm in Barbados,

1016
01:05:49,360 --> 01:05:52,760
my life falls apart.

1017
01:05:53,640 --> 01:05:57,880
I was having lunch on a terrace
next to the pool.

1018
01:05:58,480 --> 01:06:00,360
And the head waiter approaches.

1019
01:06:00,440 --> 01:06:02,480
"Mr. Posener, there's a call for you."

1020
01:06:02,560 --> 01:06:04,040
He points to a telephone…

1021
01:06:04,120 --> 01:06:06,040
This was when we had telephones.

1022
01:06:06,120 --> 01:06:07,560
…with the receiver off.

1023
01:06:07,640 --> 01:06:11,320
I expected bad news,
but not as bad as what I'm about to hear.

1024
01:06:11,400 --> 01:06:14,320
I pick up the phone, and it's Thomas.

1025
01:06:15,080 --> 01:06:17,200
He says, "Jocke,

1026
01:06:17,840 --> 01:06:19,160
listen carefully."

1027
01:06:20,680 --> 01:06:22,040
"The police raided us."

1028
01:06:25,640 --> 01:06:28,680
A so-called preliminary investigation
is launched.

1029
01:06:28,760 --> 01:06:30,480
"What's that?" I ask.

1030
01:06:30,560 --> 01:06:32,840
He answered, "That's not good."

1031
01:06:35,400 --> 01:06:37,120
No, it wasn't.

1032
01:06:39,160 --> 01:06:41,280
I realize it's over, immediately.

1033
01:06:41,360 --> 01:06:44,040
It was important to act quickly,

1034
01:06:44,120 --> 01:06:47,960
because there was a risk
the money would disappear.

1035
01:06:48,040 --> 01:06:50,960
Time's up.
The police are knocking on the door.

1036
01:06:51,040 --> 01:06:52,920
The police are inside the door.

1037
01:06:55,080 --> 01:06:58,560
The only thing I could see in front of me
was Norrtälje prison.

1038
01:07:00,320 --> 01:07:03,760
I had brought a video camera, and…

1039
01:07:04,280 --> 01:07:06,600
my girlfriend was filming me

1040
01:07:06,680 --> 01:07:09,120
at the world's most amazing restaurant.

1041
01:07:09,200 --> 01:07:12,240
My daughter said something to me,
and I answered,

1042
01:07:12,320 --> 01:07:15,520
but we talked past each other.
I was just not there.

1043
01:07:16,040 --> 01:07:17,280
It was over.

1044
01:07:22,760 --> 01:07:25,760
A lot of things happened at the same time.

1045
01:07:25,840 --> 01:07:28,360
I left Barbados on October 31,

1046
01:07:28,880 --> 01:07:31,400
the same day
Svenska Dagbladet published their article

1047
01:07:31,480 --> 01:07:34,440
and the same day
the police raided Trustor.

1048
01:07:35,120 --> 01:07:39,840
Thomas was waiting for me at Heathrow
when we arrived from Barbados.

1049
01:07:39,920 --> 01:07:42,720
I sent my girlfriend and daughter
to Sweden.

1050
01:07:42,800 --> 01:07:46,160
My girlfriend was going to sort out
a few things and then join me.

1051
01:07:46,240 --> 01:07:50,080
One of them was to go to Thomas's place,

1052
01:07:50,160 --> 01:07:51,600
where I had some things,

1053
01:07:53,120 --> 01:07:54,520
and get rid of them.

1054
01:07:55,960 --> 01:07:58,120
And she succeeded, partly.

1055
01:07:58,720 --> 01:08:00,640
She missed a notebook.

1056
01:08:03,760 --> 01:08:07,480
So when the police searched
the home of Thomas Jisander,

1057
01:08:07,560 --> 01:08:12,000
several pieces of information were found
that linked Posener to the deal.

1058
01:08:13,520 --> 01:08:17,440
In Jisander's apartment,
we found documents and criminal plans

1059
01:08:17,520 --> 01:08:20,360
detailing how things would work.

1060
01:08:21,520 --> 01:08:27,240
That also confirmed
that Joachim Posener was the key figure.

1061
01:08:29,400 --> 01:08:33,840
When things blew up, 400 million
was missing from Trustor's cash reserves.

1062
01:08:35,840 --> 01:08:37,960
Thomas knew a few people in Geneva.

1063
01:08:38,040 --> 01:08:41,880
"They have the solution, Jocke," he said.
And off we went.

1064
01:08:43,160 --> 01:08:48,400
Thomas had arranged a meeting
with the mafia's bankers.

1065
01:08:48,920 --> 01:08:53,000
Both were called Ricardo,
and they were both Italian.

1066
01:08:53,080 --> 01:08:55,080
They had a couple of bodyguards.

1067
01:08:55,160 --> 01:09:00,560
I quickly realized that they were part
of organized crime in Italy.

1068
01:09:02,240 --> 01:09:06,760
I thought they would offer a solution,
so that I could keep Trustor.

1069
01:09:06,840 --> 01:09:08,440
But what they offer

1070
01:09:08,520 --> 01:09:12,240
is for them to buy and take over Trustor.

1071
01:09:12,320 --> 01:09:14,080
We didn't meet them there.

1072
01:09:15,520 --> 01:09:18,840
There was no meeting
with Joachim and R1 and R2.

1073
01:09:18,920 --> 01:09:20,680
No.

1074
01:09:21,400 --> 01:09:23,360
I don't think he's ever met them.

1075
01:09:24,400 --> 01:09:28,280
Thomas was in a state of panic.

1076
01:09:28,360 --> 01:09:29,760
We all were.

1077
01:09:29,840 --> 01:09:35,720
And in his state,
he wanted to pass the hot potato to them

1078
01:09:35,800 --> 01:09:38,600
and plug the 400-million hole.

1079
01:09:38,680 --> 01:09:40,480
I have no memory of that.

1080
01:09:42,400 --> 01:09:43,240
No.

1081
01:09:43,320 --> 01:09:45,480
He thought he could come to Sweden

1082
01:09:45,560 --> 01:09:49,440
with a bank statement
showing that the 400 million was there.

1083
01:09:49,520 --> 01:09:53,240
And Ricardo and Ricardo
would be the new owners.

1084
01:09:53,320 --> 01:09:55,720
They wanted to pick the company clean,

1085
01:09:55,800 --> 01:09:58,120
and I didn't want any part of that.

1086
01:09:58,200 --> 01:10:01,520
Because I realized
I'd be held accountable for that too.

1087
01:10:01,600 --> 01:10:04,960
So I declined there and then, and we left.

1088
01:10:05,560 --> 01:10:08,000
And that was the last time I saw Thomas.

1089
01:10:13,560 --> 01:10:16,560
The only thing I wanted
was to own the company.

1090
01:10:16,640 --> 01:10:21,200
But since the police were involved,
I knew that ship had sailed.

1091
01:10:21,280 --> 01:10:24,440
It wasn't going to happen.
That's when I left Trustor.

1092
01:10:24,520 --> 01:10:26,320
When I left Geneva,

1093
01:10:26,840 --> 01:10:27,920
I was out.

1094
01:10:31,520 --> 01:10:35,320
I'd split the money from Trustor
across three bank accounts.

1095
01:10:35,400 --> 01:10:37,400
One of them was in Israel.

1096
01:10:38,200 --> 01:10:41,520
I was worried
they'd be frozen and confiscated.

1097
01:10:41,600 --> 01:10:45,320
I thought I'd withdraw the money,
hide it, and then return home.

1098
01:10:48,040 --> 01:10:50,640
I went to an internet café
and followed the news.

1099
01:10:51,920 --> 01:10:54,560
My picture wasn't in the papers yet.

1100
01:10:54,640 --> 01:10:57,840
I called a couple of friends
whom I trusted.

1101
01:10:57,920 --> 01:10:59,680
But I avoided my family.

1102
01:10:59,760 --> 01:11:02,440
I knew that the police
would be watching them.

1103
01:11:02,520 --> 01:11:04,720
And I was paranoid.

1104
01:11:07,120 --> 01:11:10,520
Since everyone on Team Moyne was abroad,

1105
01:11:10,600 --> 01:11:15,120
the police had to focus on the few people
they could find in Sweden.

1106
01:11:17,080 --> 01:11:21,360
For me, it all happened
over the All Saints' weekend that year.

1107
01:11:21,440 --> 01:11:26,440
My wife and I were driving down to Skåne
with a trailer,

1108
01:11:26,520 --> 01:11:28,320
with a few things.

1109
01:11:28,840 --> 01:11:32,280
Bikes and a lawnmower,
everything you need at a summer house.

1110
01:11:33,280 --> 01:11:34,760
Then the telephone rang.

1111
01:11:35,280 --> 01:11:39,160
I was a bit irritated, more than usual,
and I picked up the phone. "Hello?"

1112
01:11:39,240 --> 01:11:40,480
"Is this Björn Björnsson?"

1113
01:11:40,560 --> 01:11:43,440
"Hell yes. Who else would it be?"

1114
01:11:43,520 --> 01:11:45,400
"This is the National Criminal Police."

1115
01:11:45,480 --> 01:11:47,240
I slammed on the brakes,

1116
01:11:48,120 --> 01:11:50,000
drove to the side, and they said…

1117
01:11:50,080 --> 01:11:53,040
"We'd like to conduct an interview
with you tonight."

1118
01:11:54,280 --> 01:11:56,480
"Oh, I'll be there as fast as I can."

1119
01:11:56,560 --> 01:11:57,760
And I hung up.

1120
01:11:58,600 --> 01:12:01,800
Then I drove very fast
from Österlen to Stockholm.

1121
01:12:01,880 --> 01:12:04,520
And there,
I was cross-examined for three hours.

1122
01:12:04,600 --> 01:12:06,520
I was suspected initially.

1123
01:12:07,240 --> 01:12:09,720
I was pissed off, quite frankly.

1124
01:12:10,720 --> 01:12:12,960
Well, this was tricky today.

1125
01:12:13,040 --> 01:12:17,320
The police also spoke
to the deputy CEO Richard Djursén.

1126
01:12:17,400 --> 01:12:18,640
It was a few hours

1127
01:12:18,720 --> 01:12:22,280
before I was supposed to go
on my honeymoon to Mauritius.

1128
01:12:23,400 --> 01:12:27,360
I talked to the police.
It was all good, and they let me leave.

1129
01:12:27,960 --> 01:12:28,960
It was a bad vacation.

1130
01:12:29,040 --> 01:12:32,720
All the journalists called me.
I was the only one picking up.

1131
01:12:32,800 --> 01:12:35,880
As far as I know,
Smallbone will disclose that today,

1132
01:12:37,000 --> 01:12:39,880
what the investments have been used for,

1133
01:12:39,960 --> 01:12:43,480
which were made using the money in…

1134
01:12:43,560 --> 01:12:47,080
Or rather, the money
that's not in Barclays Bank.

1135
01:12:50,040 --> 01:12:53,520
Yeah, looking back,
it was a disaster of a vacation.

1136
01:12:53,600 --> 01:12:57,160
I've never actually been deputy CEO.

1137
01:12:57,240 --> 01:12:59,240
It's just a title I was given.

1138
01:12:59,320 --> 01:13:03,040
I've been more or less,
as far as I'm concerned,

1139
01:13:03,120 --> 01:13:04,720
an errand boy.

1140
01:13:04,800 --> 01:13:08,680
Djursén couldn't stop talking.
He just kept yapping.

1141
01:13:08,760 --> 01:13:12,400
Had they been craftier,
Lindsay Smallbone and Lord Moyne

1142
01:13:12,480 --> 01:13:16,720
could've easily accessed the account
and sorted it out themselves.

1143
01:13:16,800 --> 01:13:18,480
There was no end to it.

1144
01:13:18,560 --> 01:13:21,040
He kept creating new problems.

1145
01:13:21,120 --> 01:13:24,960
So I got involved in something
that had nothing to do with me.

1146
01:13:25,040 --> 01:13:28,520
It went so far
that some friends called me and said,

1147
01:13:28,600 --> 01:13:30,480
"Stop talking to journalists."

1148
01:13:30,560 --> 01:13:34,840
"It's obvious you've been drinking wine,
and you're live on the news."

1149
01:13:34,920 --> 01:13:37,440
Who appointed you?

1150
01:13:40,240 --> 01:13:43,480
Well, officially, it was…

1151
01:13:46,240 --> 01:13:48,360
the board, wasn't it?

1152
01:13:49,200 --> 01:13:50,360
Disaster.

1153
01:13:50,880 --> 01:13:52,440
But we're still married.

1154
01:13:56,720 --> 01:13:57,960
I'm in Israel,

1155
01:13:58,040 --> 01:14:01,160
watching this story get bigger

1156
01:14:01,240 --> 01:14:02,600
and bigger

1157
01:14:02,680 --> 01:14:04,280
and bigger.

1158
01:14:06,040 --> 01:14:08,160
And now I'm on every front page.

1159
01:14:32,480 --> 01:14:35,040
One week
after the affair had come to light,

1160
01:14:35,120 --> 01:14:37,560
Thomas Jisander and Peter Mattsson
left the Riviera

1161
01:14:37,640 --> 01:14:40,000
and returned to Sweden.

1162
01:14:40,080 --> 01:14:44,320
The plan was to hold a press conference
and clear up some questions,

1163
01:14:44,400 --> 01:14:46,800
but instead, they ended up in custody.

1164
01:14:47,680 --> 01:14:50,120
I thought, "Damn, this is big now."

1165
01:14:50,200 --> 01:14:52,400
"Can't they just ask some questions?"

1166
01:14:52,480 --> 01:14:55,480
"Let's open a bottle of wine
and call it even."

1167
01:14:55,560 --> 01:14:57,720
PROSECUTOR DETAINED
BOTH JISANDER AND MATTSSON

1168
01:14:57,800 --> 01:14:59,800
It took maybe 15 minutes.

1169
01:14:59,880 --> 01:15:02,760
Then it was just, "Good, finish."

1170
01:15:02,840 --> 01:15:03,760
Detained.

1171
01:15:04,680 --> 01:15:08,160
Everyone on Team Moyne
immediately had to leave their posts,

1172
01:15:08,240 --> 01:15:11,600
and Joachim Posener
was detained in absentia.

1173
01:15:13,200 --> 01:15:15,440
Financier Björn Björnsson,
on the other hand,

1174
01:15:15,520 --> 01:15:18,280
got his second role in the Trustor affair.

1175
01:15:18,360 --> 01:15:20,120
He was appointed as new CEO.

1176
01:15:21,640 --> 01:15:25,600
It was an extremely messy week
when this exploded.

1177
01:15:26,920 --> 01:15:28,800
The first thing I did as a CEO

1178
01:15:28,880 --> 01:15:32,840
was to try to understand
what had actually happened.

1179
01:15:34,480 --> 01:15:38,600
In the late fall or winter,
Björn Björnsson called me,

1180
01:15:38,680 --> 01:15:41,200
and we met at a lawyer's office.

1181
01:15:41,960 --> 01:15:44,600
I told them everything I knew,

1182
01:15:44,680 --> 01:15:49,360
that Team Moyne had a deal
with the former owner,

1183
01:15:49,440 --> 01:15:53,960
where he could buy some of the assets
at far too low a price.

1184
01:15:54,040 --> 01:15:58,880
I prevented that, and in doing so,
I saved money for Trustor's shareholders.

1185
01:16:00,680 --> 01:16:04,040
Well, you can be a useful idiot.

1186
01:16:05,280 --> 01:16:07,520
That doesn't excuse what you're doing.

1187
01:16:08,400 --> 01:16:11,800
I saw a deputy CEO
who couldn't do his job.

1188
01:16:12,320 --> 01:16:15,440
It was obvious he had to go.

1189
01:16:17,240 --> 01:16:21,600
Even though I told them everything I knew,
I was fired from Trustor.

1190
01:16:23,200 --> 01:16:25,120
I was so offended.

1191
01:16:28,280 --> 01:16:30,440
That time at Trustor was…

1192
01:16:36,760 --> 01:16:37,840
It was tough.

1193
01:16:38,760 --> 01:16:41,080
POSENER FALK, JOACHIM RALPH
GROSS BREACH OF TRUST

1194
01:16:41,160 --> 01:16:45,280
In November 1997,
Joachim Posener went into hiding.

1195
01:16:46,040 --> 01:16:48,080
At first, he moved around Europe,

1196
01:16:48,680 --> 01:16:50,240
paid in cash,

1197
01:16:50,320 --> 01:16:53,000
and checked into hotels using false names.

1198
01:16:53,920 --> 01:16:57,800
He managed to get on a plane
to South America

1199
01:16:57,880 --> 01:16:59,080
just days before

1200
01:16:59,160 --> 01:17:02,520
an international arrest warrant
was issued.

1201
01:17:11,000 --> 01:17:13,840
I knew a person in Stockholm's underworld,

1202
01:17:13,920 --> 01:17:17,560
who then had contacts in South America.

1203
01:17:18,280 --> 01:17:23,280
These are people who are
well-organized and very dangerous.

1204
01:17:23,960 --> 01:17:27,400
I bought what in the world of espionage
is called a "legend,"

1205
01:17:27,480 --> 01:17:30,200
meaning a forged identity.

1206
01:17:30,280 --> 01:17:32,360
It was a name
and a personal identity number,

1207
01:17:32,440 --> 01:17:36,360
with a history
that had been cultivated for decades.

1208
01:17:36,880 --> 01:17:39,160
I entered a shell

1209
01:17:39,240 --> 01:17:40,920
and became another person.

1210
01:17:42,120 --> 01:17:48,960
-Should I turn at the next corner?
-Yes, go straight, and then right.

1211
01:17:49,040 --> 01:17:52,080
I became another already existing person.

1212
01:17:52,160 --> 01:17:57,200
-Wow, look at his face. It's so swollen.
-Actually, it's gone down a bit.

1213
01:17:57,280 --> 01:18:01,880
These people hid me away
in a small village in Brazil.

1214
01:18:02,680 --> 01:18:06,320
And I lived there for many years.

1215
01:18:10,960 --> 01:18:13,760
I spent a lot of time in a favela,

1216
01:18:13,840 --> 01:18:15,600
the local slum.

1217
01:18:17,880 --> 01:18:19,720
The police didn't go in there.

1218
01:18:20,560 --> 01:18:22,600
You don't go in there uninvited.

1219
01:18:25,640 --> 01:18:29,000
The territory
was controlled by a drug gang

1220
01:18:29,080 --> 01:18:32,120
whose soldiers guarded the entrance.

1221
01:18:33,160 --> 01:18:34,840
No one could find me there.

1222
01:18:43,160 --> 01:18:44,120
Good evening.

1223
01:18:44,200 --> 01:18:48,560
We'll start with the developments
in the case of Trustor, the investment…

1224
01:18:48,640 --> 01:18:50,120
During autumn and winter,

1225
01:18:50,200 --> 01:18:54,520
news anchors in loud ties
continued reporting on the Trustor affair.

1226
01:18:54,600 --> 01:18:56,160
…the looting of funds.

1227
01:18:56,240 --> 01:18:59,080
The looting of several hundred million.

1228
01:18:59,160 --> 01:19:01,320
"Looting" was the recurring word.

1229
01:19:01,400 --> 01:19:04,640
There's a risk the looting of Trustor

1230
01:19:04,720 --> 01:19:06,600
will never be resolved.

1231
01:19:06,680 --> 01:19:09,120
And the question no one managed to answer,

1232
01:19:09,200 --> 01:19:11,920
where was Trustor's money?

1233
01:19:12,000 --> 01:19:14,360
WHERE'S THE MONEY?

1234
01:19:18,480 --> 01:19:21,080
Around 400 million kronor were missing.

1235
01:19:22,040 --> 01:19:26,360
I had used 241 million
to pay the former owner, Norberg.

1236
01:19:27,920 --> 01:19:31,880
It had been converted into shares,
pledged to the bank.

1237
01:19:31,960 --> 01:19:34,200
So when the police look for the money…

1238
01:19:34,280 --> 01:19:36,040
It's there, in shares.

1239
01:19:38,800 --> 01:19:43,120
There's been speculation about
how much I made from the Trustor deal.

1240
01:19:43,840 --> 01:19:47,000
I paid myself ten million.

1241
01:19:47,080 --> 01:19:49,040
That is the true figure.

1242
01:19:50,680 --> 01:19:53,520
It doesn't live up to the expectations,
but it was ten million.

1243
01:19:55,120 --> 01:19:57,960
It was supposed to be a long-term deal.

1244
01:19:58,040 --> 01:20:01,760
I was planning
to withdraw that amount every year.

1245
01:20:01,840 --> 01:20:03,840
But nothing turned out as planned.

1246
01:20:03,920 --> 01:20:06,440
Half of the ten million

1247
01:20:06,520 --> 01:20:09,320
was frozen by the police and Trustor,

1248
01:20:09,400 --> 01:20:11,080
so I never got access to it.

1249
01:20:12,400 --> 01:20:13,880
Then we have Thomas' fee.

1250
01:20:13,960 --> 01:20:16,480
He got five million,
but he wasn't satisfied with that.

1251
01:20:16,560 --> 01:20:19,520
As far as I understand,
he took another 90 million.

1252
01:20:19,600 --> 01:20:23,160
But that happened behind my back
and didn't go to me.

1253
01:20:24,640 --> 01:20:27,920
An important thing for me
was to pay back the 20 million

1254
01:20:28,000 --> 01:20:31,080
to the gangsters
of the Swedish underworld,

1255
01:20:31,160 --> 01:20:34,440
so that I was debt-free
and wouldn't have problems in the future.

1256
01:20:36,960 --> 01:20:40,200
And 70 million
went to various expenditures.

1257
01:20:40,720 --> 01:20:43,400
Salaries, travel expenses, offices…

1258
01:20:43,480 --> 01:20:46,960
Compensation to Lord Moyne,
Lindsay, and Peter.

1259
01:20:47,480 --> 01:20:50,360
I bought Trustor, but it wasn't looted.

1260
01:20:51,360 --> 01:20:55,320
But it's clearly looting
to use Trustor's money for the purchase,

1261
01:20:55,400 --> 01:20:57,720
and then use the cash reserves
for travels, offices…

1262
01:20:57,800 --> 01:21:00,320
But it's… If you write a…

1263
01:21:02,080 --> 01:21:05,480
"This is my fee." That's not looting.
It's a matter of accounting.

1264
01:21:05,560 --> 01:21:08,320
I bought a company,
I didn't steal anything.

1265
01:21:08,840 --> 01:21:11,840
If it's not stealing, then what is it?

1266
01:21:11,920 --> 01:21:14,920
I bought the company
with an unlawful loan.

1267
01:21:16,920 --> 01:21:17,880
That's it.

1268
01:21:27,960 --> 01:21:29,440
This is where we live.

1269
01:21:29,520 --> 01:21:30,920
We're in the kitchen.

1270
01:21:36,800 --> 01:21:38,240
I'm boiling some water

1271
01:21:39,000 --> 01:21:40,640
for breakfast.

1272
01:21:41,160 --> 01:21:44,680
This is what it looks like
when you can't be bothered to clean.

1273
01:21:45,560 --> 01:21:49,560
The dishwasher can't fit everything.
And then I went to buy bread.

1274
01:21:49,640 --> 01:21:52,760
I lived off the money from Trustor
for three years.

1275
01:21:55,480 --> 01:21:58,600
It's expensive living on the run,

1276
01:21:58,680 --> 01:22:01,720
buying a new identity

1277
01:22:02,240 --> 01:22:03,880
and not being able to work.

1278
01:22:04,600 --> 01:22:06,480
It's expensive

1279
01:22:06,560 --> 01:22:08,800
pretending to be someone else.

1280
01:22:09,320 --> 01:22:11,720
I've seen this view many times.

1281
01:22:13,720 --> 01:22:15,160
To avoid being found,

1282
01:22:15,240 --> 01:22:18,680
you need to look different
from what everyone expects.

1283
01:22:18,760 --> 01:22:22,880
So curly, black-haired Joachim
became a shaved head.

1284
01:22:22,960 --> 01:22:26,800
Chubby Joachim became fit Joachim.

1285
01:22:26,880 --> 01:22:28,920
I swapped glasses for contacts.

1286
01:22:29,000 --> 01:22:32,560
Of course, I never went home.
That would've been suicide.

1287
01:22:32,640 --> 01:22:34,520
At first, I stayed in Brazil.

1288
01:22:34,600 --> 01:22:36,760
When the media got wind of Brazil,

1289
01:22:36,840 --> 01:22:39,200
I'd already moved back to Europe.

1290
01:22:43,440 --> 01:22:45,200
When Joachim was on the run,

1291
01:22:45,280 --> 01:22:48,760
the media constantly claimed

1292
01:22:48,840 --> 01:22:51,800
that they'd found him.

1293
01:22:53,240 --> 01:22:56,880
The police now believe
that the picture taken in South Africa

1294
01:22:56,960 --> 01:22:59,680
really shows the wanted Joachim Posener.

1295
01:22:59,760 --> 01:23:01,880
They published a picture of Joachim.

1296
01:23:01,960 --> 01:23:05,280
Those who knew him
saw right away that it wasn't him.

1297
01:23:05,360 --> 01:23:09,600
If correct, the seven-year-long hunt
has gained new momentum.

1298
01:23:09,680 --> 01:23:12,560
"Have we finally found him?"

1299
01:23:12,640 --> 01:23:15,200
"Is this the end of the hunt?"

1300
01:23:15,840 --> 01:23:18,400
HOW POSENER'S FOOLING THE POLICE

1301
01:23:18,480 --> 01:23:21,360
Then they made facial composites.
Oh my God.

1302
01:23:21,440 --> 01:23:25,480
There were probably 50 people
who looked like those composites.

1303
01:23:36,920 --> 01:23:39,680
Let's see, where…
Now I found a funny picture.

1304
01:23:42,600 --> 01:23:44,000
Okay, there it is.

1305
01:23:44,520 --> 01:23:45,880
Here's a bunch.

1306
01:23:45,960 --> 01:23:48,520
Yeah, look here.
All the newspaper cuttings.

1307
01:23:48,600 --> 01:23:50,880
There's a ton of them.

1308
01:23:59,600 --> 01:24:02,760
They used the absolute worst photo.

1309
01:24:02,840 --> 01:24:05,640
Yeah, I thought that was offensive.

1310
01:24:07,360 --> 01:24:09,320
This is a nicer picture.

1311
01:24:09,400 --> 01:24:11,520
It doesn't ridicule me.

1312
01:24:12,040 --> 01:24:13,360
It's all shit.

1313
01:24:20,240 --> 01:24:22,040
Half a year after the Trustor affair,

1314
01:24:22,120 --> 01:24:24,960
I had a one-year-old son
and newborn twins.

1315
01:24:27,960 --> 01:24:31,640
I had no job,
the accounts were blocked, I had no money,

1316
01:24:31,720 --> 01:24:33,720
and no one wanted anything to do with me.

1317
01:24:34,840 --> 01:24:37,480
I had to sell the house.

1318
01:24:38,240 --> 01:24:41,560
We had to move
to a small rental apartment in Hägersten.

1319
01:24:42,080 --> 01:24:44,560
My life changed completely.

1320
01:24:46,880 --> 01:24:49,600
I lost everything, except my family.

1321
01:24:50,120 --> 01:24:54,400
Basically, I wanted to take revenge
on everyone who'd hurt me, and…

1322
01:24:54,480 --> 01:24:58,400
I was most mad at Björn Björnsson
because he threw me under the bus.

1323
01:25:03,000 --> 01:25:05,480
For that reason, I wanted to end him.

1324
01:25:06,120 --> 01:25:09,840
I drove around in Djursholm,
past his villa, several times.

1325
01:25:09,920 --> 01:25:11,800
He doesn't know about this.

1326
01:25:13,160 --> 01:25:16,480
So I was driving around there in my car…

1327
01:25:16,560 --> 01:25:18,360
And… Yeah, it's…

1328
01:25:18,440 --> 01:25:20,040
How crazy is this?

1329
01:25:21,360 --> 01:25:23,800
I probably could've written a book

1330
01:25:23,880 --> 01:25:28,400
with 300 ways of killing someone
without getting caught.

1331
01:25:28,480 --> 01:25:32,040
It was everything,
from buying a wood chipper for the corpse

1332
01:25:32,120 --> 01:25:35,760
and spreading the remains at sea
for the fish to eat.

1333
01:25:35,840 --> 01:25:40,120
You have to get rid of the body somehow.

1334
01:25:40,200 --> 01:25:41,440
There was no Google,

1335
01:25:41,520 --> 01:25:45,960
but you could still find out
how to cremate things.

1336
01:25:46,040 --> 01:25:49,280
It's done with high heat.
And you can build it yourself.

1337
01:25:49,360 --> 01:25:53,840
So my plan was to rent a cabin,
a summer cottage way up in Norrland,

1338
01:25:53,920 --> 01:25:56,000
and build a furnace,

1339
01:25:56,600 --> 01:26:00,680
where, basically, all DNA is destroyed.

1340
01:26:04,320 --> 01:26:07,320
I'd sit like this,
watching Björn Björnsson's house.

1341
01:26:07,400 --> 01:26:09,000
I drove back and forth,

1342
01:26:09,080 --> 01:26:13,640
checking all possible escape routes
in his area,

1343
01:26:13,720 --> 01:26:16,280
in order to quickly get away.

1344
01:26:16,360 --> 01:26:20,960
I realized I needed to check myself in.
I called psychiatric services in Nacka.

1345
01:26:21,560 --> 01:26:25,880
I told them I needed to be admitted

1346
01:26:25,960 --> 01:26:28,840
because I was thinking
about ending someone.

1347
01:26:29,360 --> 01:26:33,240
You only have such violent thoughts
when you're depressed.

1348
01:26:33,320 --> 01:26:35,800
Do you still have thoughts like that?

1349
01:26:35,880 --> 01:26:38,040
No, they're long gone.

1350
01:26:40,840 --> 01:26:43,280
I didn't start bawling. That's weird.

1351
01:26:45,880 --> 01:26:46,920
Oh, well…

1352
01:26:50,920 --> 01:26:53,480
I thought I'd be bawling throughout.

1353
01:26:54,520 --> 01:26:55,360
No.

1354
01:26:58,720 --> 01:27:00,040
I mean, it…

1355
01:27:00,120 --> 01:27:03,400
If you just talk and get going,
then it's fine.

1356
01:27:03,480 --> 01:27:04,800
Then it's fine.

1357
01:27:06,240 --> 01:27:08,320
But it…

1358
01:27:08,840 --> 01:27:10,120
No, forget it.

1359
01:27:26,600 --> 01:27:28,280
It's sad he ended up like that.

1360
01:27:28,360 --> 01:27:29,640
No, I can't.

1361
01:27:30,600 --> 01:27:32,160
Even if he's from Östergötland.

1362
01:27:38,080 --> 01:27:41,840
He seems to be doing all right.
A Porsche and a house like that?

1363
01:27:41,920 --> 01:27:44,000
So financially, he's doing fine.

1364
01:27:46,160 --> 01:27:49,080
STOCKHOLM DISTRICT COURT
2001

1365
01:27:49,160 --> 01:27:54,680
Today, the trial began against those
behind the looting of the company Trustor.

1366
01:27:56,600 --> 01:27:59,040
Financial crimes are hard to prove,

1367
01:27:59,120 --> 01:28:01,640
and they're even more complicated
when committed abroad.

1368
01:28:02,320 --> 01:28:05,480
And in this case,
the key figure was missing.

1369
01:28:05,560 --> 01:28:08,920
So the legal aftermath
was something of a fiasco.

1370
01:28:10,640 --> 01:28:12,920
Lindsay Smallbone faced no charges

1371
01:28:13,000 --> 01:28:16,840
since New Zealand
had no extradition treaty with Sweden.

1372
01:28:16,920 --> 01:28:18,560
Lord Moyne was prosecuted,

1373
01:28:18,640 --> 01:28:24,520
but he claimed that the signature
on some of Trustor's documents wasn't his.

1374
01:28:24,600 --> 01:28:26,440
He too was acquitted.

1375
01:28:39,400 --> 01:28:41,440
Peter Mattsson and Thomas Jisander

1376
01:28:41,520 --> 01:28:43,840
were initially convicted
by the district court.

1377
01:28:43,920 --> 01:28:47,040
I was sentenced to five years in prison,

1378
01:28:47,120 --> 01:28:50,880
a nine-year ban from business activities,
and to pay 100 million in damages.

1379
01:28:51,680 --> 01:28:55,000
But they appealed the verdict.

1380
01:28:55,080 --> 01:28:58,400
And this time, we were better equipped.

1381
01:28:58,480 --> 01:29:00,920
FRESH START IN TRUSTOR CASE

1382
01:29:02,440 --> 01:29:05,240
They could blame everything
on the key figure,

1383
01:29:05,320 --> 01:29:07,160
who decided not to show up.

1384
01:29:07,240 --> 01:29:09,080
During the trial,

1385
01:29:09,160 --> 01:29:14,080
they presented the most absurd arguments
for their innocence.

1386
01:29:14,160 --> 01:29:18,640
The prosecutor claimed he found documents

1387
01:29:18,720 --> 01:29:21,200
on the computer in my apartment.

1388
01:29:21,280 --> 01:29:23,280
But who used that computer?

1389
01:29:23,360 --> 01:29:26,120
Then we brought in a technical expert

1390
01:29:26,200 --> 01:29:29,880
who demonstrated how easy it is
to remote-control a computer.

1391
01:29:29,960 --> 01:29:33,560
My task was to prove
that this could've been the case.

1392
01:29:34,160 --> 01:29:38,560
Then it was up to the court to decide,
and obviously, they believed it.

1393
01:29:39,080 --> 01:29:41,720
They were acquitted
by the court of appeal.

1394
01:29:41,800 --> 01:29:46,600
The evidence against Thomas Jisander
and Peter Mattsson was deemed too weak.

1395
01:29:46,680 --> 01:29:48,400
It's been incredibly tough,

1396
01:29:48,480 --> 01:29:52,960
so it's a huge relief
that there's justice in society.

1397
01:29:53,040 --> 01:30:00,040
TRUSTOR SCANDAL VILLAINS WALK FREE

1398
01:30:07,160 --> 01:30:10,680
Posener was never convicted.
He just disappeared.

1399
01:30:10,760 --> 01:30:14,240
And we've not heard or seen…

1400
01:30:14,760 --> 01:30:15,840
Sorry.

1401
01:30:15,920 --> 01:30:19,200
We've seen no trace of him, so to speak.

1402
01:30:21,960 --> 01:30:23,160
I left the force.

1403
01:30:23,240 --> 01:30:26,000
I felt I needed to do something else.

1404
01:30:26,080 --> 01:30:28,680
I started working at a golf club.

1405
01:30:30,320 --> 01:30:35,560
I'm extremely upset
that we didn't catch Joachim Posener.

1406
01:30:35,640 --> 01:30:36,800
What the hell…

1407
01:30:36,880 --> 01:30:40,840
It would give closure,
an ending to it all.

1408
01:30:42,640 --> 01:30:43,840
That's how I feel.

1409
01:30:46,120 --> 01:30:50,360
It's strange
that you can stay away for 30 years.

1410
01:30:51,240 --> 01:30:52,640
Not seeing your family

1411
01:30:52,720 --> 01:30:55,160
and constantly feeling hunted.

1412
01:30:55,840 --> 01:30:58,880
It's like not having an identity.

1413
01:31:07,160 --> 01:31:08,800
By staying hidden,

1414
01:31:08,880 --> 01:31:11,440
I've been able to live life
on my own terms.

1415
01:31:13,160 --> 01:31:16,120
Where I live, no one calls me Joachim.

1416
01:31:16,800 --> 01:31:19,520
-Charlie, how are you, my friend?
-How are you?

1417
01:31:19,600 --> 01:31:21,200
Good to see you.

1418
01:31:21,280 --> 01:31:22,320
See you.

1419
01:31:24,520 --> 01:31:28,400
Even though I regained my passport
and my real name a long time ago.

1420
01:31:39,320 --> 01:31:40,880
What's your life like today?

1421
01:31:42,200 --> 01:31:44,440
Well, I live

1422
01:31:45,080 --> 01:31:47,440
a somewhat Bohemian life.

1423
01:31:48,680 --> 01:31:49,520
There.

1424
01:31:49,600 --> 01:31:52,160
Not in my native country,

1425
01:31:52,240 --> 01:31:55,520
not even in my wife's native country.

1426
01:31:56,120 --> 01:31:59,960
One foot in society and one outside of it.

1427
01:32:02,400 --> 01:32:04,840
Do I need to make a living? Absolutely.

1428
01:32:05,360 --> 01:32:07,120
I've worked with what I know,

1429
01:32:07,800 --> 01:32:10,000
as a consultant, as an advisor.

1430
01:32:10,520 --> 01:32:13,160
But I do it in the shadows.

1431
01:32:20,440 --> 01:32:23,840
What do you want people to know about you?

1432
01:32:23,920 --> 01:32:28,720
It was never about the money.
It was all about the challenge.

1433
01:32:28,800 --> 01:32:32,840
The adrenaline you get from such deals
is my drug.

1434
01:32:33,360 --> 01:32:37,240
Yeah, it can be hard to stop
once you've started.

1435
01:32:38,240 --> 01:32:42,280
-Do you have family?
-Yes, a wife and two kids.

1436
01:32:42,360 --> 01:32:44,120
-Girls or boys?
-Girls.

1437
01:32:44,200 --> 01:32:46,440
-Can you see them?
-Yes.

1438
01:32:46,520 --> 01:32:48,680
-I live with my youngest.
-Yes.

1439
01:32:48,760 --> 01:32:51,880
And I've promised
not to talk about my other daughter.

1440
01:32:52,920 --> 01:32:54,320
How old are they?

1441
01:32:55,080 --> 01:32:59,120
The youngest is 15 and the older one 32.

1442
01:32:59,720 --> 01:33:00,920
Like me.

1443
01:33:01,000 --> 01:33:03,040
Then I could be your daughter.

1444
01:33:03,560 --> 01:33:05,080
Yes, actually.

1445
01:33:11,440 --> 01:33:17,040
The biggest victim might be your daughter.
What are your thoughts on that?

1446
01:33:17,840 --> 01:33:20,440
That it's very sad and tragic,

1447
01:33:20,520 --> 01:33:23,880
but I wouldn't have been a…

1448
01:33:24,680 --> 01:33:28,000
I wouldn't have been a normal person
if I'd spent ten years in prison.

1449
01:33:28,920 --> 01:33:30,520
I just couldn't do it.

1450
01:33:31,040 --> 01:33:33,320
Given how things turned out…

1451
01:33:33,400 --> 01:33:37,640
You've lived in hiding and lost the ties
to Sweden, your family, and your daughter.

1452
01:33:37,720 --> 01:33:39,120
Was it worth it?

1453
01:33:40,400 --> 01:33:41,680
It's a complicated…

1454
01:33:41,760 --> 01:33:44,640
It's a simple
yet complicated question because…

1455
01:33:45,160 --> 01:33:47,160
If I hadn't done the Trustor deal,

1456
01:33:47,240 --> 01:33:50,280
I wouldn't be married
to the woman I'm married to,

1457
01:33:50,360 --> 01:33:53,440
I wouldn't have the child I have
and live with today.

1458
01:33:53,520 --> 01:33:56,880
Was it worth not spending
another ten years in prison?

1459
01:33:56,960 --> 01:33:58,400
Absolutely.

1460
01:33:59,640 --> 01:34:04,120
Considering the price
your family in Sweden had to pay?

1461
01:34:04,200 --> 01:34:06,440
It was to me, but maybe not to them.

1462
01:34:12,760 --> 01:34:17,040
And the most absurd consequence
of this affair,

1463
01:34:18,000 --> 01:34:22,080
Trustor's shareholders profited big time.

1464
01:34:23,080 --> 01:34:24,680
To make sense of that,

1465
01:34:24,760 --> 01:34:29,080
we need to look at Björn Björnsson's
third and final role,

1466
01:34:29,160 --> 01:34:33,160
the one as liquidator
tasked with dissolving Trustor.

1467
01:34:33,240 --> 01:34:37,120
Our mission was to recover
as much money as possible.

1468
01:34:37,800 --> 01:34:40,160
Pay off debts and sell all assets.

1469
01:34:40,240 --> 01:34:43,600
Whatever was left
went to the shareholders as dividends.

1470
01:34:44,440 --> 01:34:50,360
The liquidators found money
in Team Moyne's accounts around the world.

1471
01:34:50,960 --> 01:34:55,160
Thomas Jisander
had to repay 65 million in a settlement.

1472
01:34:56,200 --> 01:34:59,920
The banks involved
were sued for substantial amounts.

1473
01:35:00,440 --> 01:35:04,160
And Trustor's undervalued assets
were sold.

1474
01:35:07,000 --> 01:35:09,400
So despite the money that disappeared,

1475
01:35:09,480 --> 01:35:14,120
the value of the shares doubled
after the affair was exposed.

1476
01:35:18,520 --> 01:35:20,840
That the shareholders benefitted.

1477
01:35:20,920 --> 01:35:22,680
That's the irony of fate.

1478
01:35:27,200 --> 01:35:29,080
Crimes had been committed,

1479
01:35:29,160 --> 01:35:31,200
yet the system lost.

1480
01:35:31,280 --> 01:35:35,960
The taxpayers paid the bill
for the authorities' work,

1481
01:35:36,040 --> 01:35:38,960
and everyone involved walked free.

1482
01:35:39,560 --> 01:35:41,120
Well, almost everyone.

1483
01:35:42,600 --> 01:35:44,000
But as some say,

1484
01:35:44,080 --> 01:35:48,400
why follow the law
when you can see it as a guideline?

1485
01:35:53,080 --> 01:35:54,960
Now I'm really good.

1486
01:35:56,040 --> 01:35:57,720
Just great.

1487
01:35:58,240 --> 01:35:59,840
I have a good life.

1488
01:36:00,360 --> 01:36:02,600
I've worked hard.

1489
01:36:03,880 --> 01:36:06,160
I've started companies
that have done really well.

1490
01:36:06,240 --> 01:36:08,920
I've sold companies and made a fortune.

1491
01:36:11,440 --> 01:36:16,440
Today, I'm financially independent
and can do basically whatever I want.

1492
01:36:24,200 --> 01:36:25,560
As I've said,

1493
01:36:26,080 --> 01:36:28,440
"Go big or go home."

1494
01:36:29,880 --> 01:36:33,240
Every krona that came out of Trustor,
one way or another,

1495
01:36:33,320 --> 01:36:34,880
is long gone.

1496
01:36:36,200 --> 01:36:38,400
It was impossible to predict

1497
01:36:38,480 --> 01:36:41,880
that I would earn as little as I did
from that deal.

1498
01:36:53,960 --> 01:36:55,240
After Trustor,

1499
01:36:55,320 --> 01:37:00,000
I knew I had marked my presence
on this earth.

1500
01:37:01,840 --> 01:37:03,760
That gave me satisfaction.

1501
01:37:05,080 --> 01:37:08,200
But what drove me then is no longer there.

1502
01:37:09,520 --> 01:37:12,120
The freedom I sought through money

1503
01:37:12,200 --> 01:37:14,680
was replaced by a freedom

1504
01:37:14,760 --> 01:37:16,600
where no one controls me,

1505
01:37:17,760 --> 01:37:20,320
where I choose where to appear,

1506
01:37:22,320 --> 01:37:24,560
and where I choose when I vanish.

1507
01:37:30,440 --> 01:37:32,800
The crazy thing is
that Thomas reached out to me

1508
01:37:32,880 --> 01:37:34,720
around the time of the trial.

1509
01:37:36,640 --> 01:37:38,280
And he asked me,

1510
01:37:39,040 --> 01:37:40,840
"Can we do it again?"

1511
01:37:48,800 --> 01:37:52,560
THOMAS JISANDER WAS SENTENCED
YEARS LATER TO A SHORT PRISON TERM

1512
01:37:52,640 --> 01:37:54,720
FOR INCITEMENT TO GROSS EMBEZZLEMENT.

1513
01:37:56,160 --> 01:38:01,520
"IT WAS A WONDERFUL
SIX-MONTH SPA EXPERIENCE!"

1514
01:38:02,760 --> 01:38:04,320
LORD MOYNE'S FAMILY INFORMED US

1515
01:38:04,400 --> 01:38:06,680
THAT HE CAN'T TAKE PART
DUE TO HEALTH REASONS.

1516
01:38:06,760 --> 01:38:09,040
PETER MATTSSON, HOWEVER, HASN'T REPLIED.

1517
01:38:10,080 --> 01:38:13,000
LINDSAY SMALLBONE HAS PASSED AWAY.

1518
01:38:14,040 --> 01:38:18,080
NAPOLEON'S DESK HAS NOT BEEN FOUND.

1519
01:38:22,720 --> 01:38:25,720
A FILM BY
KARIN AF KLINTBERG

1520
01:40:41,160 --> 01:40:46,160
Subtitle translation by:
Josephine Roos Henriksson