Crypto Exchange Thodex CEO Sentenced To 11,196 Years In Prison
Thodex CEO Faruk Fatih Ozer Gets 11,196 Years In Prison A court in Istanbul sentenced Faruk Fatih Ozer to 11,196 years imprisonment for duping thousands of crypto investors of more than $2 billion, reported Bloomberg on September 8. His two siblings also received prison sentences. Ozer was indicted on several charges such as aggravated fraud, leading a criminal organization, and money laundering. advertisement “I am smart enough to lead any institution on Earth. That is evident in this company I established at the age of 22. I wouldn’t have acted so amateurishly if this were a criminal organization.” Faruk Fatih Ozer founded Thodex in 2017 and fled to Albania after Thodex went bust in April 2021. Turkish Interior Ministry said it was an exit scam. Ozer was arrested in Albania in August 2022 and extradited to Turkey in April this year after a long legal process. While the total amount of losses for crypto investors remains unknown, the pr...