Faruk Fetih Özer – founder of the once-leading Turkish cryptocurrency exchange Thodex – will spend seven months and 15 days in jail for failing to submit necessary documents to the Tax Inspection Board.
He also faces fraud charges about pocketing more than $2 billion in clients’ funds when the platform collapsed in 2021. While Özer supposedly escaped Turkey shortly after the event, he was arrested in Albania last summer. If found guilty on all counts, his punishment could be much more severe.
Özer Keep Maintaining his Innocence
As reported by Hürriyet Daily News, Özer’s case was heard at the Anatolian 17th Criminal Court of First Instance, where the magistrates initially sentenced him to one and a half years of imprisonment. They later reduced the punishment based on his behavior, social relations, and potential impact on his future.
In addition, the court postponed the announcement of the verdict against Özer and put off the order’s implementation.
Thodex’s foun
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