A disgraced Turkish crypto founder who fled to Albania and his two brothers have been sentenced to 11,196 years in jail every, Anadolu Agency (AA) reported late Thursday.
Prosecutors had requested for Thodex boss Faruk Fatih Özer, 29, to be sentenced to 40,562 years in jail for cash laundering, fraud and establishing a legal group.
The listening to on the Anatolian ninth High Criminal Court in Istanbul on Thursday was attended by 5 detained defendants, together with Özer, a few of the complainants and the attorneys of the events.
“If I were to establish a criminal organization, I would not have acted so amateurishly,” AA quoted Özer as telling the court docket.
His two brothers, Serap and Güven, acquired the identical sentence, which was issued late Thursday after a short trial, media experiences mentioned.
Özer was initially reported to have fled Türkiye in April 2021 with $2 billion in investor belongings, though that determine has since been disputed.
Prosecutors mentioned Özer had transferred over TL 250 million (price about $30 million on the time) in person belongings to 3 secret accounts when he fled Türkiye in April 2021, with a lot of the cash ending up in a Malta financial institution.
The indictment mentioned the Özer brothers had brought on TL 356 million price of general harm to shoppers.
The case grabbed native headlines as a result of it coincided with a Turkish crypto growth that has since largely subsided as a consequence of heavier authorities regulation. Turks started turning to varied cryptocurrencies to safeguard towards a decline within the worth of the lira that started greater than two years in the past.
Özer was arrested final yr in Albania on a global arrest warrant from Interpol.
Source: www.dailysabah.com
