The Imprisonment of Thodex CEO Faruk Fatih Özer
Faruk Fatih Özer, the founder and CEO of Thodex, a defunct crypto exchange in Turkey, has been imprisoned for failing to provide necessary tax documents to the country’s Tax Inspection Board. Özer was deported from Albania last year and was arrested in Istanbul on April 20.
The key points of the content are:
- Özer sentenced to seven months and 15 days in prison by the Anatolian 17th Criminal Court of First Instance.
- Özer claimed innocence, citing the appointment of a trustee preventing him from presenting requested books.
- The initial sentence of 18 months was lowered due to Özer’s social concerns and behavior at the trial.
- Özer failed to provide necessary documents despite receiving a notification on Oct. 30, 2021.
- Özer denies all allegations of defrauding investors, stealing, and money laundering.
In conclusion, Thodex CEO Faruk Fatih Özer has been imprisoned for failing to provide tax documents. Despite claiming innocence and being framed, Özer has been sentenced to seven months and 15 days in prison. This case raises concerns about the regulation and security of the crypto industry.
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