Turkish Court Sentences Founder of Defunct Crypto Exchange Thodex to More Than 7 Months in Prison

A Turkish tribunal has sentenced Faruk Fatih Özer, the laminitis of the collapsed cryptocurrency speech Thodex, to an effectual 7 months and 15 days successful prison. During the trial, Özer denied being an enforcement of the crypto speech erstwhile the level allegedly failed to furnish the Tax Inspection Board with the documents requested.

Appointment of Trustee Reportedly Made Submission of Requested Documents Impossible

A tribunal successful Turkey has sentenced Faruk Fatih Özer, the laminitis of the defunct cryptocurrency speech Thodex, to conscionable implicit 7 months successful situation for failing to furnish the Tax Inspection Board with the documents it requested. However, according to a report successful the Hurriyet Daily News, the Anatolian 17th Criminal Court of First Instance has since agreed to hold announcing the verdict arsenic good arsenic the implementation of the sentence.

As explained successful the report, Özer, who was arrested successful Albania successful Aug. 2022, claimed that helium was not a institution enforcement erstwhile the alleged transgression was committed. He besides argued that the assignment of a trustee had made it intolerable for him to taxable the requested documents. Özer’s pleas nevertheless failed to sway prosecutors who were reportedly seeking a five-year jailhouse sentence.

According to the report, the tribunal initially ruled that the laminitis of Thodex should walk 1 twelvemonth and six months down bars. However, aft considering the founder’s reported behaviour earlier and during the trial, the Turkish tribunal yet ruled that Özer should lone beryllium successful jailhouse for 7 months and 15 days.

Meanwhile, successful summation to failing to taxable taxation documents, Özer is besides accused of defrauding investors via his crypto platform. As reported by Bitcoin.com News, the Thodex laminitis was arrested successful Albania respective months aft helium fled from Turkey with $2 cardinal which belonged to investors.

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