Analysis

November 9, 2020

Pablo Escobar’s brother is suing Klarna for millions

The trademark company of a Colombian drug lord believes it can delay Klarna’s IPO


Mimi Billing

9 min read

The chief executive of Escobar Inc, Olof Gustafsson, posing with a kalashnikov during a visit to Russia. Photo: @olof_gustafsson on Twitter.

The brother of the deceased Colombian drug lord Pablo Escobar and a Kalashnikov-wielding Swedish executive known as “El Silencio” are suing Europe’s most valuable fintech company, Klarna, in the US.

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Escobar inc is suing Klarna for not paying out the money paid for the Escobar Fold 1.
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Olof Gustafsson posing with Roberto Escobar holding a Fold 1 in Medellin, Colombia
Olof Gustafsson posing with Roberto Escobar holding a Fold 1 in Medellin, Colombia
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Escobar Fold 1 is shown on Escobar Inc's YouTube channel
Escobar Fold 1 is shown on Escobar Inc's YouTube channel
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When peeling off the gold sticker on the side of the Escobar Fold 2, the Samsung logo is visible. Photo: YouTube
When peeling off the gold sticker on the side of the Escobar Fold 2, the Samsung logo is visible. Photo: Marques Brownlee on YouTube.
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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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