40,000 Years For Crypto Scam: A Turkish Prosecutor Seeks Harshest Jail Time For CEO At Large

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A Turkish prosecutor wants to slap the founders and executives of the Thodex cryptocurrency exchange with what could be the harshest prison sentence of all time.

Bloomberg reported Friday, citing Demiroren News Agency, that the charges against Istanbul-based Thodex crypto exchange seeks sentences of up to 40,564 years for each of the 21 accused.

According to local media sources, the defendants are among those allegedly implicated in the $108 million Thodex scams.

Faruk Fatih Ozer, founder and Chief Executive Officer of Thodex, is the primary suspect in the investigation and has been labeled a wanted man by local authorities and the Interpol.

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Read full article at bitcoinist.com