Read

<div class="cryptonews"> 
 <p class="is-style-lead">Turkish crypto exchange Thodex’s <a rel="noopener noreferrer nofollow" title="found" href="https://thebittimes.com/tag/found.html">found</a>er and his two siblings face over 11,000 <a rel="noopener noreferrer nofollow" title="years" href="https://thebittimes.com/tag/years.html">years</a> in jail each after being convicted of fraud, money laundering, and running a criminal organization.</p> 
 <p class="is-style-default">A Turkish court sentenced Faruk Fatih Ozer — the man behind Thodex, a crypto exchange that went bankrupt in 2021 — to 11,196 years and 10 months in prison for crimes including fraud alongside his two siblings.</p> 
 <p>According to a Sept. 7 report by state-run Turkish news agency Anadolu, the Istanbul court delivered its verdict to Ozer and his two siblings — who received similar <a rel="noopener noreferrer nofollow" title="sentences" href="https://thebittimes.com/tag/sentences.html">sentences</a> — on Sept. 7. The men in question were <a rel="noopener noreferrer nofollow" title="found" href="https://thebittimes.com/tag/found.html">found</a> guilty of aggravated fraud, leading a criminal organization, and money laundering.</p> 
 <p>Bloomberg describes Ozer as a “high-school dropout” who founded the exchange in 2017, at the height of the crypto craze. Later, he fled to Albania when the platform collapsed. He also reportedly appeared unrepentant during his final hearing.</p> 
 <blockquote class="wp-block-quote"> 
  <p>“I am smart enough to manage all institutions in the world. This is evident from the company I <a rel="noopener noreferrer nofollow" title="found" href="https://thebittimes.com/tag/found.html">found</a>ed at the age of 22. If I were to establish a criminal organization, I would not act so amateurishly.”</p> <cite>Faruk Fatih Ozer during a court hearing</cite> 
 </blockquote> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Thodex ex-CEO jailed for 7.5 months in Turkey 
 </div> 
 <p>Ozer claimed that “the suspects in the file have been victims for more than two <a rel="noopener noreferrer nofollow" title="years" href="https://thebittimes.com/tag/years.html">years</a>.”&nbsp;He said that Thodex was just a company that went bankrupt, and there was no wrongdoing. He further requested his release and acquittal by quoting a Turkish folk song.</p> 
 <blockquote class="wp-block-quote"> 
  <p>“I joined this company not to commit a crime, but for my career. I would have worked even if this company was someone else’s company, not my brother’s. Working in my brother’s company did not give me any privilege.”</p> <cite>Faruk Fatih Ozer during a court hearing</cite> 
 </blockquote> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Former Thodex CEO arrested after extradition to Turkey 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/turkey-sentences-thodex-founder-to-over-11-000-years-in-prison-tbt62054.html">https://thebittimes.com/turkey-sentences-thodex-founder-to-over-11-000-years-in-prison-tbt62054.html</a></p>

Turkey sentences Thodex founder to over 11,000 years in prison

TheBitTimes

Other articles published on Sep 8, 2023

CZ responds to Binance liquidity and employee turnover concerns

Meta Trace Has Reached 225,000 Users on the Quest Platform

MARA Down 14% as Miner Exchanges $417M in Senior Notes for ~26M Shares

Ethereum (ETH) Price Analysis for September 8

Binance NFT ends Sandbox staking and drops Polygon network

Crypto Expert Adam Back Predicts Bitcoin Going to $100,000 Before the Halving – Here’s His Outlook

Join our free newsletter for daily crypto updates!