Turkey Arrests 127 Co-Conspirators of Crypto Ponzi Scheme, Confiscates Assets Valued at Over $31 Million

Turkey Arrests 127 Co-Conspirators of Crypto Ponzi Scheme, Confiscates Assets Valued at Over $31 Million

Turkish authorities have successfully dismantled a criminal organization that manipulated innocent citizens into participating in a fraudulent cryptocurrency investment scheme, masquerading as a legitimate opportunity. This syndicate cunningly deceived investors with enticing claims of substantial profits and absolute security, ultimately swindling an astonishing $1 billion from their victims. As a result of this operation, which led to the apprehension of 127 individuals, law enforcement officials managed to seize a remarkable total of 177 properties and 61 assets, both movable and immovable, valued at an impressive sum exceeding $31 million.

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