A cryptocurrency CEO from Turkey and his two siblings were each sentenced to 11,196 years in prison for scamming investors of millions of dollars. In 2021, after his Thodex exchange abruptly failed, 29-year-old Faruk Fatih Ozer escaped to Albania with investor funds. According to state media, Ozer said in court that if his purpose had been unlawful, he "would not have acted so amateurishly.
He was convicted guilty of the identical accusations in the quick trial in Istanbul together with his brother Guven and sister Serap
The accused were given individual sentences for several crimes committed against 2,027 victims, according to Turkish news sources, which added up to the total number of years in the verdict.For fraud and sex offences, TV cult preacher Adnan Oktar received an 8,658-year sentence in 2022.
According to AFP, the prosecution had requested that Ozer receive a sentence of 40,562 years in jail. Since its establishment in 2017, Thodex has grown to rank among the biggest virtual currency exchanges in the nation. He was detained in Albania last year pursuant to a global Interpol warrant, and after a protracted judicial process, he was extradited.
SOURCE: BBC NEWS | SEPTEMBER 8 2023
Due to escalating inflation and the devaluation of the Turkish Lira on international markets, the same sum is now equivalent to almost $13m.
