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Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report

Published 09/08/2023, 06:12 AM
Updated 09/08/2023, 08:00 AM

The former CEO of Turkish crypto exchange Thodex, Faruk Fatih Özer, was sentenced to 11,196 years in prison by a Turkish court on charges of “establishing, managing and being a member of an organization,” “qualified fraud,” and “laundering of property values.”

The Anatolian 9th High Criminal Court sentenced Özer along with his two siblings to the same jail sentence of 11,196 years, 10 months and 15 days in prison along with a $5-million fine, reported Turkish state-run news agency Anadolu Agency.

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