The founder and former CEO of Thodex, Faruk Fatih Özer, has been sentenced to seven months and 15 days in prison for neglecting to provide requested tax documents during his trial. Özer, who was detained in Türkiye and later deported back from Albania, was charged for failing to submit the documents related to Thodex, once one of the largest crypto exchanges in the country.

Despite maintaining his innocence throughout the trial, Özer was unable to present the requested documents to the Tax Inspection Board. He argued that he was not the official representative of Thodex at the time and claimed that a trustee had been appointed to run the business on his behalf. However, his defense proved unsuccessful, resulting in the prison sentence.

In addition to the tax-related charges, Özer is also under scrutiny for allegedly defrauding Thodex investors. He denies these allegations and believes that he has been framed by the defendants. The case against him regarding the investor fraud is yet to be heard.

Summary

Faruk Fatih Özer, the founder and former CEO of Thodex, has been sentenced to seven months and 15 days in prison for failing to submit tax documents during his trial. Özer, who was previously detained and then deported back to Türkiye, denies the charges and claims to have been framed. He is also facing allegations of defrauding Thodex investors.

FAQs

Why was Faruk Fatih Özer sentenced to prison?

Faruk Fatih Özer, the founder and former CEO of Thodex, was sentenced to seven months and 15 days in prison for failing to submit tax documents during his trial.

What were the charges against Özer?

In addition to the tax-related charges, Özer is also being accused of defrauding Thodex investors.

What is Özer’s response to the charges?

Özer maintains his innocence and claims to have been framed by the defendants. He denies all the allegations against him.

What happened to Thodex?

Thodex was once one of the largest crypto exchanges in Türkiye before it shut down abruptly. The closure left investors with roughly $2 billion worth of cryptocurrencies.