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Fugitive Turkish Thodex founder Faruk Fatih Ozer (28), who was on the run since last year, was arrested in Albania. The news was confirmed by the Turkish Interior Ministry on Tuesday (30 August).
Faruk Fatih Ozer fled Turkey with a reported $2B of investors’ funds with him. Later, Turkey issued an international arrest warrant for him in April last year. The Thodex crypto scam is viewed as one of the biggest crypto scams in history.
The Thodex founder who was also served with a red notice by Interpol got arrested in Vlora. As per the Ministry, the “extradition procedures to Turkey have been initiated.”
As per media sources, Elbasan prosecutor Kreshnik Ajazi has said that Ozer will face a court hearing in the coming days, at which the “security measure” of 40 days in custody will be decided upon, and following that the extradition process to Turkey will start.
Many were suspicious of Thodex even before suspended trading
It is believed that Thodex ran aggressive campaigns to attract investors. Initially, it promised to distribute luxury cars via a flashy advertising campaign featuring notable Turkish models.
