11 thousand 196 years in prison for cryptocurrency fraud in Turkey

11 thousand 196 years in jail for cryptocurrency fraud in Turkey

News By Sep 10, 2023 No Comments

Farooq Fateh’s sister and brother had been additionally convicted, Picture: File

Ankara: In Turkey, 29-year-old Farooq Fateh, concerned in cryptocurrency fraud, was sentenced to 11,196 years in jail.

In response to the worldwide information company, Farouk Fateh Ozer and his sister and brother, who cheated greater than 2 thousand individuals of crypto foreign money in Turkey and swindled 356 million liras.

Farooq Fateh opened the corporate on the age of simply 22 and went on to construct a community of cash laundering, fraud and arranged crime. Made a fortune with cryptocurrency. He was going through greater than 2 thousand instances of dishonest.

On which he fled to Albania in 2021. He was extradited again to Turkey in June, with every case being heard individually and given separate sentences, bringing the overall sentence to greater than 11,000 years.

In response to AFP, the prosecution requested the courtroom to condemn Farooq Fateh to a complete of 40,562 years in jail. Farooq Fateh’s sister Serap and brother Gowan had been additionally discovered responsible of the identical prices.

It needs to be famous that the dying penalty was abolished in Turkey in 2004, however since then extraordinary jail sentences have turn out to be frequent.

Earlier, Adnan Oktar, a self-proclaimed Islamic scholar, was sentenced to eight,658 years in jail in 2022 for fraud and intercourse crimes.

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