In the fraud case in which Faruk Fatih Özer, the founder of Thodex, was tried, the prosecutor’s office demanded that the accused be imprisoned from 12,142 years to 40,462 years.
In the opinion of the Public Prosecutor about Faruk Fatih Özer, the founder of the crypto money exchange Thodex, he was charged with “Fraud by Using Information Systems as a Tool of Banks or Credit Institutions, Fraud by Traders or Company Managers and Cooperative Managers, and Laundering of Assets Arising from Crime” for a total of 12,142 years. He demanded that he be tried with a prison sentence of up to 40,462 years.
WHAT IS THE THODEX CASE?
The investigation into the Thodex hack, which caused many users to suffer last year, was launched in April. According to the information obtained, within the scope of the investigation that has been going on since then, information about the money traffic of the crypto money exchange, the functioning of the system and the process leading to the loot was consulted. According to the statement made by the Office of the Chief Prosecutor, information was obtained by requesting a report from the relevant institutions, while the indictment was prepared about 21 suspects.
Thodex founder and CEO Faruk Fatih Özer, who is accused of being the founder and manager of the organization, was sentenced to 40,562 years in prison for three different crimes. The founder of the exchange is accused of founding and managing an organization, laundering criminal property values and fraudulent fraud. The prosecution also released an organizational chart in its investigation into the crypto exchange. In addition to Faruk Fatih Özer, who was accused of being the leader of the organization, he was accused of being the leader of 7 suspected organizations and being a member of 13 suspected organizations.
According to the data, the amount of emphasis made by the stock market is 356 million TL.
As a result of the meticulous research of the Financial Crimes Investigation Board (MASAK), which examined the database of Thodex, on each transaction, it was determined that the amount of emphasis was 356 million TL. In addition to these, as Kriptokoin.com previously reported, the biggest crime committed using crypto assets in the world was the Thodex fraud in Turkey. More than $2 billion of money from nearly 400,000 people was defrauded in the Thodex hack.
HE DID NOT CLAIM THAT HE WAS NOT guilty
Faruk Fatih Özer said in his defense, “The allegations in the media and in the indictment are unfounded. I did not defraud anyone. I started a company, and my company was hacked. This is how I started my business life by doing e-commerce. Our first founding purpose was to do e-commerce. Cryptocurrency caught my attention because I was involved in e-commerce. Afterwards, I saw that I would make a profit thanks to my social circle and I turned the company in this direction. I started mobile transactions with the software developers that I added to my body. My whole life was intertwined with the digital world to establish a cryptocurrency exchange. When I looked at the rival companies, I realized that they were missing and I decided to grow in this field. I present the purchase agreement that I made in the software company together with the software developers in my company. I established a coin company in Şişli on 14.09.2017 with a paid-in capital of 100 thousand liras. I also present the document I received from the Istanbul Chamber of Commerce. Lighting text was presented to users who entered the Thodex site. It was determined that the person was the right person, together with the identity information of the people who were members of the site and the desired image. The trading of the site was done from the system in the background of the site. When users gave a buy and sell transaction command, the system would put them in the list order and then receive commission money on each transaction.
In the continuation of his defense, Özer explained how the departments in the background of the site work. Fatih Özer stated that the defendants Cem, Ergün and Can do not have the authority to make decisions on the company and said, “All decisions taken on the company belong to me. My sister Serap Özer did not have any authority in the company. The company has no other official than me. Thodex’s transactions with the bank were done automatically. I was sending the transactions made on the company to the banks by checking them every week as an excel spreadsheet. I was the only one doing this so that there were no security holes. I want my employees to be remembered as a black mark in our legal system for the last 2 years,” he said.
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