Thodex cryptocurrency boss jailed for 11,196 years in Turkey for fraud [View all]
Source: BBC
Thodex cryptocurrency boss jailed for 11,196 years in Turkey for fraud
8 September 2023
A Turkish cryptocurrency boss and his two siblings have been jailed for 11,196 years each for defrauding investors of millions of dollars.
Faruk Fatih Ozer, 29, fled to Albania in 2021 with investor assets after his Thodex exchange suddenly collapsed.
He was extradited back to Turkey in June and found guilty of money-laundering, fraud and organised crime.
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Ozer gained national fame as a financial whizz and ingratiated his way into the establishment by befriending prominent pro-government figures.
However, the platform suddenly imploded in April 2021. Investor assets disappeared and Ozer went into hiding.
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Read more: https://www.bbc.com/news/world-europe-66752785
Faruk Fatih Ozer fled Turkey after Thodex's collapse (Getty Images)
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