Cryptocurrency boss is jailed for 11,196 years in Turkey after defrauding buyers of thousands and thousands of {dollars} – after prosecutors known as for a 40,562-year sentence
Cryptocurrency boss is jailed for 11,196 years in Turkey after defrauding buyers of thousands and thousands of {dollars} – after prosecutors known as for a 40,562-year sentence
- Faruk Religion Ozer, 29, founding father of Thodex, was discovered responsible of cash laundering, fraud, and organised crime
A cryptocurrency boss has been jailed for greater than 11,000 years after swindling buyers out of thousands and thousands of {dollars}.
Faruk Religion Ozer, founding father of Thodex, was sentenced to 11,196 years in jail regardless of prosecutors request for a 40,562-year sentence.
The Turkish highschool dropout was 22 when he began his personal enterprise, however on Thursday he was discovered responsible of cash laundering, fraud, and organised crime.
It comes after the 29-year-old fled to Albania in 2021 with investor funds following the collapse of his business.
Nonetheless, after Interpol issued a crimson discover for him, Ozer was positioned after two years on the run.
Faruk Religion Ozer was sentenced to 11,196 years in jail at a Turkish court docket
Authorities instantly extradited him again to his residence nation, the place he confronted legal prices.
In accordance with state media, it’s believed that Ozer took $2 billion (£1.6 billion) from his prospects earlier than he went into hiding in Albania.
However the whole quantity of damages skilled by buyers when Thodex went bankrupt is unknown.
In accordance with the Anadolu agency, Ozer instructed the court docket: “I’m good sufficient to handle all establishments on the earth. That is evident from the corporate I based on the age of twenty-two. If I had been to determine a legal organisation, I might not act so amateurishly.”
Ozer went into hiding after his enterprise collapsed in 2021 however he was positioned in Albania two years later
At an Istanbul court docket, Ozer, recived the hefty sentence alongside his sister Serap and brother Guven who had been additionally discovered responsible of the identical prices.
This prolonged sentence could be a shock to some individuals, however in Turkey, it is fairly frequent.
This laws turned extra frequent after Turkey abolished the dying penalty in 2004 within the hope of changing into a part of the European Union.
In 2022, Adnan Oktar, a cult chief, was sentenced to eight,658 years in jail on a number of prices, together with sexual abuse and depriving somebody of their liberty.
