A 29-year-old Turkish cryptocurrency boss convicted of fraud, cash laundering, and arranged crime was sentenced to 11,196 years in prison in Istanbul.
Prosecutors beneficial Faruk Fatih Ozer serve 40,562 years, in accordance to the BBC, which says two of the defendant’s siblings had been convicted on the identical costs Thursday evening.
Ozer based Thodex in 2017 and made it certainly one of Turkey’s greatest exchanges for digital currencies. Turkish media experiences the corporate’s 2021 collapse cost investors $2 billion, in accordance to Fortune. Ozer, a highschool dropout, fled to Albania when Thodex’s fortunes headed south. He was extradited to stand trial in June.
Ozer reportedly took subject with prosecutors’ claims he headed a felony enterprise.
“I wouldn’t have acted so amateurishly if this had been a felony group,” Ozer advised the court docket.
Prosecutors imagine Thodex was price $43 million earlier than it imploded.
Extremely lengthy prison sentences aren’t remarkable in Turkey. Cult chief Adnan Oktar and several other of his associates had been jailed for 8,658 years in 2022 after being convicted on fraud and intercourse crime costs.