Olof Kyros Gustafsson, former CEO of Escobar, Inc., has pleaded guilty to fraud and money laundering related to the Escobar Fold phone scam. The US Department of Justice detailed how Gustafsson and the company took orders for phones and other products branded with Pablo Escobar's image, seeded products with reviewers and influencers to inflate demand, failed to deliver products, and misappropriated customer funds for personal use. The Escobar Fold phones, known for their questionable quality, were featured in a 2020 video by Marques Brownlee. The plea agreement marks the end of the legal saga surrounding the controversial company.