All over the world -- all these crypto organizations simply appear to be financial frauds. Over and over again. It's time to ask -- is there actually a legitimate crypto exchange or organization in existence? Or are they all scams? Crypto founder sentenced to 11,196 years in jail, far shorter than Turkish prosecutors sought https://www.news24.com/news24/world...rter-than-turkish-prosecutors-sought-20230908 The founder of Thodex and his brothers have each been been sentenced to 11 196 years in jail by a Turkish court. Prosecutors had hoped to send them to jail for more than 40 000 years. Faruk Fatih Ozer grabbed R570 million worth of crypto when he fled the country in 2021. A disgraced Turkish crypto founder who fled to Albania and his two brothers have been sentenced to 11 196 years in jail each, the Anadolu state news agency reported Friday. Prosecutors had asked for Thodex boss Faruk Fatih Ozer, 29, to be sentenced to 40 562 years in prison for money laundering, fraud and establishing a criminal organisation. "If I were to establish a criminal organisation, I would not have acted so amateurishly," Anadolu quoted Ozer as telling the court. His two brothers, Serap and Guven, received the same sentence, which was issued late Thursday after a brief trial, Turkish media reports said. Turkey is known for issuing massive prison sentences, which became more common after it abolished the death penalty in 2004 to help its efforts to join the European Union. Prosecutors said Ozer had transferred about R570 million worth of crypto assets to three secret accounts when he fled Turkey in April 2021, with much of the money ending up in a Malta bank. The case grabbed local headlines because it coincided with a Turkish crypto boom that has since largely subsided due to heavier government regulation. Turks began turning to various crypto currencies as a defence against a deep slide in the value of the lira that began more than two years ago. Ozer gained further celebrity status after being pictured meeting with ultranationalist pro-government figures. He was arrested last year in Albania on an international arrest warrant from Interpol.
I remember when they were trying to find him... think the last picture of the CEO was in Istanbul airport after leaving with a billion from the exchange. Anyhow, now they caught him it sort of takes the mystery out of it. Next in line... Ruja Ignatova. (if she's still alive)
,, - Your sentence is about ~40 000 years - I see... Could you release me, if i paid the bond ? - Yes, ofcourse - How much is it ? - $57 Billion "
Hey at least those guys aren't being chopped up and stuffed in a suitcase like that one crypto scammer from Argentina last month. Their jail time seems like a deal in comparison.
Crypto scammers should move to a more 'friendly' country like Canada. We simply give them a few love-taps until they apologize for stealing, and to never do it again, while promising to repay the millions back (somehow).
Most of these scammers are pretty stupid. They think running away with other people's money is a done deal once they disappear. But they conveniently forget the moment they do, they become targets by not just the government but by other criminals who want part or all of their loot. And to think that there's no one smarter than you out there is itself damn moronic. There are always smarter folks out there than you. That said, I'm pretty sure the Cryptoqueen is dead.