Henrik Ellefsen

Who is Henrik Ellefsen?

Henrik Andreas Leo Ellefsen is a Norwegian former businessman. In 2007, he was formally charged by Økokrim for his role as one of the people responsible for the T5PC fraud, in which some 80,000 people lost about NOK 1 billion.

On 21 December 2007, he was convicted on charges of fraud and sentenced to 3 years and 6 months in prison. He was also fined NOK 3,6 million, and was barred from engaging in any form of trade for 5 years. The verdict was appealed on 22 January 2008. Borgarting Court of Appeal only accepted the appeal over the sentence, and in 2010 sentenced Ellefsen to 3 years and 6 months in prison, fined him 3,6 million NOK and sentenced him to loss of rights.

According to the verdict of Oslo District Court, Henrik Ellefsen played a central role in the T5PC system, as chairman of PWR Charge AS and CEO of Exente Securities ASA. The company PWR Charge AS was used to steal money from the T5PC members, according to the verdict.

His father, Harald Ellefsen, was acquitted in the same case. He was the owner of Exente Securities ASA, until he sold it to T5PC.