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T5PC (or The 5 Percent Community) was a co … T5PC (or The 5 Percent Community) was a controversial Norwegian Multi-level marketing company that went bankrupt in November 2004. As per November 2004, it had among 50,000 members (most papers claim 70,000, however) it is claimed that its members lost as much as 1 billion NOK ($160 million), thus making it one of the biggest economic frauds in Norwegian history. An investigation was undertaken by Økokrim. Bankers complained that they had alerted Økokrim about problems with T5PC as early as summer 2003. In 2006 Økokrim indicted 4 people involved with T5PC for breach of trust with fraudulent intent. It was founded by Aleksander Anderson who changed his name from Wolden to Anderson after going bankrupt in Norway. Some of the main individuals responsible, including Henrik Ellefsen and Jørn Ronnie Tagge, were convicted on charges of fraud in December 2007.cted on charges of fraud in December 2007.
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T5PC (or The 5 Percent Community) was a co … T5PC (or The 5 Percent Community) was a controversial Norwegian Multi-level marketing company that went bankrupt in November 2004. As per November 2004, it had among 50,000 members (most papers claim 70,000, however) it is claimed that its members lost as much as 1 billion NOK ($160 million), thus making it one of the biggest economic frauds in Norwegian history. It was founded by Aleksander Anderson who changed his name from Wolden to Anderson after going bankrupt in Norway.o Anderson after going bankrupt in Norway.
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T5PC
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