Faruk Fatih Özer, founder of Thodex found guilty sentenced to 11,196 years - page 2.

yhiaali3

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Quote from: Zoomic on September 11, 2023, 04:24:10 PM

I don't think it can happen in this matter because this has got international publicity.

Even if the news receives international media coverage, this is not a big problem for powerful corrupt politicians, they always have solutions ready for any problem as long as the money is there.

Here in my country, for example, we still have death sentences. However, there are many incidents where criminals were able to escape the death sentence if they had money or their relatives were high-ranking politicians or children of high-ranking officials.

Everything can be done with money and political power.

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Quote from: Baofeng on September 08, 2023, 12:10:57 PM

In a twist of faith, Faruk Fatih Özer, who is the founder of Thodex, a Turkish crypto exchange, was found guilty and sentenced to 11,196 years, r with $5-million fine.

I have sought for an opportunity to ask this, I have idea of the law as it applies to my country but I do not have a good knowledge of the international law. I have read that someone was sentenced for 600yrs but this is the highest I have seen. My question is, why not call it life imprisonment? Why mentioned 11,196 years knowing the victim cannot stay till this year?

Quote from: redhack on September 11, 2023, 11:42:21 AM

Don't be so sure. It's Türkiye, any jail time can be lowered. Corrupt politicians do anything when money involves.

Just the other day the terrorists were released from prison. Fraudsters don't spend much time in jail.

I don't think it can happen in this matter because this has got international publicity.

redhack

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Quote from: Baofeng on September 08, 2023, 12:10:57 PM

I think this is the biggest sentenced that I have heard involving scammers and criminals in the crypto industry and probably this is what we call justice as for sure they can't get out of jail and will be their for the rest of their natural life.

Don't be so sure. It's Türkiye, any jail time can be lowered. Corrupt politicians do anything when money involves.

Just the other day the terrorists were released from prison. Fraudsters don't spend much time in jail.

Baofeng

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Quote from: sokani on September 08, 2023, 06:30:12 PM

Quote from: Baofeng on September 08, 2023, 12:10:57 PM

In a twist of faith, Faruk Fatih Özer, who is the founder of Thodex, a Turkish crypto exchange, was found guilty and sentenced to 11,196 years, r with $5-million fine.

Quote

Announcing its decision, the court panel sentenced detained defendants Faruk Fatih Özer, Güven Özer and Serap Özer to 11 thousand 190 years and 6 months each for the crimes of "establishing, managing and being a member of an organization", "qualified fraud" and "laundering of assets". gave a prison sentence.

https://www.aa.com.tr/tr/gundem/thodexin-kurucusu-faruk-fatih-ozerin-dolandiricilik-davasinda-karar/2986295

I used Google Translate

I think this is the biggest sentenced that I have heard involving scammers and criminals in the crypto industry and probably this is what we call justice as for sure they can't get out of jail and will be their for the rest of their natural life.

I saw this on Twitter earlier today, I must say this is one the stiffest punishment I've ever seen. He has been charged with aggravated fraud, money laundering and leading a criminal organization. I'm not sympathizing with him, but isn't 11,196 years way too much? I don't know what the law says about crimes like this in Turkey, maybe they want to make an example of him. It gets even worse that his brother and sister share the shame fate with him. It serves them right, I'm glad justice is finally served and they are all going rot to in jail.

Perhaps projects or at least those who are thinking to established crypto businesses in Turkey will have to think twice about it, hhehe. Otherwise, they will really be in jail for a long time and maybe no chance to get out.

Yes, as what zasad@ said, it's $2 billion dollars that time, so that is huge amount of money maybe in Turkey and many have been victimized by this crypto exchange that's why the heaviest penalty that can be served for Faruk Fatih Özer has been handed down by the court.

zasad@

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An article has already appeared in English.
https://cryptonews.com/news/turkish-crypto-exchange-thodex-ceo-receives-11196-year-jail-term-for-fraud-and-money-laundering.htm

According to rumors, the exchange stole 2.5 billion dollars.

For comparison, in Russia, the last major fraud is the financial pyramid Finiko. They stole from 1 to 4 billion dollars, the exact amount cannot be determined, because officials and other government employees will not report losses, otherwise they will be fired from their jobs and the tax authorities will check their income.

So, the maximum criminal liability for such a crime in Russia is 10 years in prison.

article in Russian
https://forklog.com/news/piramida-finiko-priostanovila-vyplaty-i-potrebovala-personalnye-dannye-polzovatelej

sokani

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Quote from: Baofeng on September 08, 2023, 12:10:57 PM

In a twist of faith, Faruk Fatih Özer, who is the founder of Thodex, a Turkish crypto exchange, was found guilty and sentenced to 11,196 years, r with $5-million fine.

Quote

Announcing its decision, the court panel sentenced detained defendants Faruk Fatih Özer, Güven Özer and Serap Özer to 11 thousand 190 years and 6 months each for the crimes of "establishing, managing and being a member of an organization", "qualified fraud" and "laundering of assets". gave a prison sentence.

https://www.aa.com.tr/tr/gundem/thodexin-kurucusu-faruk-fatih-ozerin-dolandiricilik-davasinda-karar/2986295

I used Google Translate

I think this is the biggest sentenced that I have heard involving scammers and criminals in the crypto industry and probably this is what we call justice as for sure they can't get out of jail and will be their for the rest of their natural life.

I saw this on Twitter earlier today, I must say this is one the stiffest punishment I've ever seen. He has been charged with aggravated fraud, money laundering and leading a criminal organization. I'm not sympathizing with him, but isn't 11,196 years way too much? I don't know what the law says about crimes like this in Turkey, maybe they want to make an example of him. It gets even worse that his brother and sister share the shame fate with him. It serves them right, I'm glad justice is finally served and they are all going rot to in jail.

Baofeng

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Activity: 2576

Merit: 1655

In a twist of faith, Faruk Fatih Özer, who is the founder of Thodex, a Turkish crypto exchange, was found guilty and sentenced to 11,196 years, r with $5-million fine.

Quote

Announcing its decision, the court panel sentenced detained defendants Faruk Fatih Özer, Güven Özer and Serap Özer to 11 thousand 190 years and 6 months each for the crimes of "establishing, managing and being a member of an organization", "qualified fraud" and "laundering of assets". gave a prison sentence.

https://www.aa.com.tr/tr/gundem/thodexin-kurucusu-faruk-fatih-ozerin-dolandiricilik-davasinda-karar/2986295

I used Google Translate

I think this is the biggest sentenced that I have heard involving scammers and criminals in the crypto industry and probably this is what we call justice as for sure they can't get out of jail and will be their for the rest of their natural life.

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