Thursday, August 20, 2026
HomeWorld NewsGlobal NewsMoney Laundering: Turkish...

Money Laundering: Turkish crypto boss sentenced to 11,196 years in jail

[ad_1]

ISTANBUL: A disgraced Turkish crypto founder who fled to Albania and his two brothers have been sentenced to 11,196 years in jail each, the Anadolu state news agency reported Friday.
Prosecutors had asked for Thodex boss Faruk Fatih Ozer, 29, to be sentenced to 40,562 years in prison for money laundering, fraud and establishing a criminal organisation. “If I were to establish a criminal organisation, I would not have acted so amateurishly,” Anadolu quoted Ozer as telling the court.
His two brothers, Serap and Guven, received the same sentence, which was issued late Thursday after a brief trial, Turkish media reports said. Prosecutors said Ozer had transferred 250 million liras in user assets (worth about $30 million at the time) to three secret accounts when he fled Turkey in April 2021, with much of the money ending up in a Malta bank.



[ad_2]

Source link

spot_img
spot_img

Continue reading

Securus Monitoring Highlights How Technology-Enabled Supervision Helps People Return Home Safely...

Securus Monitoring Highlights How Technology-Enabled Supervision Helps People Return Home Safely and Build Stability For people under community supervision, every night spent safely at home can help build the foundation for successful reentry....

Blenders Eyewear Taps Jordan Howlett as Chief Content Officer

Blenders Eyewear Taps Jordan Howlett as Chief Content Officer Blenders Eyewear, a leading eyewear brand, today announced the appointment of Jordan Howlett as its Chief Content Officer, reflecting the brand's continued focus on strengthening consumer...

The Chocolate Spectrum Celebrates 10 Years of Sweet Inclusion

The Chocolate Spectrum Celebrates 10 Years of Sweet Inclusion The Chocolate Spectrum celebrates its 10‑year anniversary with a community event on June 26 featuring free cake, free chocolate, and the announcement of new...
spot_img