Jørn Ronnie Tagge is a Norwegian convicted fraudster, known as one of the people responsible for the so-called T5PC

T5PC

T5PC was a controversial Norwegian Multi-level marketing company that went bankrupt in November 2004.As per November 2004, it had among 50,000 members , and it is claimed that its members lost as much as 1 billion NOK T5PC (or The 5 Percent Community) was a controversial Norwegian Multi-level...

 fraud, one of the biggest economic frauds in Norwegian history, in which some 80,000 people lost about 1 billion NOK

NOK

NOK or Nok may refer to:*Kiel Canal *Norwegian krone, NOK is the ISO 4217 code and is used as an abbreviation for the currency.*NYSE stock ticker for Nokia Corporation, based in Finland...

 (160 million US dollar). He served as chairman of the T5PC, a controversial multi-level marketing

Multi-level marketing

Multi-level marketing is a marketing strategy in which the sales force is compensated not only for sales they personally generate, but also for the sales of others they recruit, creating a downline of distributors and a hierarchy of multiple levels of compensation...

 company that went bankrupt in 2004.

Criminal convictions

Tagge has been criminally convicted three times:

In February 2006 he was sentenced to five months in prison.

In 2007, he was convicted on charges of fraud

Fraud

In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation...

 relating to his role in the T5PC system, and sentenced to 2 years in prison

Prison

A prison is a place in which people are physically confined and, usually, deprived of a range of personal freedoms. Imprisonment or incarceration is a legal penalty that may be imposed by the state for the commission of a crime...

. He was also fined 770,000 NOK

NOK

NOK or Nok may refer to:*Kiel Canal *Norwegian krone, NOK is the ISO 4217 code and is used as an abbreviation for the currency.*NYSE stock ticker for Nokia Corporation, based in Finland...

, and he also was barred from engaging in any form of trade for 5 years.

In October 2008 he was additionally sentenced to one year in prison, for manipulating the value of stock. He was fined further 72 000 NOK

NOK

NOK or Nok may refer to:*Kiel Canal *Norwegian krone, NOK is the ISO 4217 code and is used as an abbreviation for the currency.*NYSE stock ticker for Nokia Corporation, based in Finland...

.