A Turkish Cryptocurrency Boss and Siblings Sentenced to 11,196 Years in Jail for Fraud
The BBC reports that a Turkish cryptocurrency boss and his two siblings have been sentenced to 11,196 years each for defrauding investors of millions of dollars.
Background
- Faruk Fatih Ozer, 29, fled to Albania in 2021 after his Thodex exchange collapsed, taking investor assets with him.
Extradition and Verdict
- Ozer was extradited back to Turkey in June and was found guilty of money-laundering, fraud, and organized crime.
Defendant’s Statement
- Ozer claimed that he would not have acted so amateurishly if his intent was criminal.
- He stated, “I am smart enough to lead any institution on Earth,” according to state media.
