Turkey Dismantles International Fraud Ring, Arrests 9 Israelis
Translated & summarized from Makan by baba
Turkish police arrested 201 people, including nine Israelis, for involvement in an international investment fraud network operating through fake forex and crypto platforms. The network allegedly defrauded victims of approximately $266 million over two years, with assets seized.
The story in 5 lines · by baba
- Turkey arrested 201 individuals, including 9 Israelis, in a fraud network bust.
- The network used forex and crypto platforms to defraud international victims.
- Authorities seized assets worth approximately $266 million.
- The arrested Israelis reportedly worked in customer service for the network.
- Investigations are ongoing to trace funds and determine roles.
Turkish authorities have arrested 201 individuals, including nine Israeli citizens, in a large-scale operation targeting an international network suspected of investment fraud through forex and cryptocurrency platforms. Police conducted raids across 286 locations in Istanbul and the province of Muğla, focusing on companies and call centers believed to be used to lure victims from various countries into transferring money to fraudulent investment platforms.
Investigations revealed that multilingual employees contacted victims, promising high returns before demanding additional payments when individuals attempted to withdraw their funds. Turkish authorities reported that transactions linked to the network amounted to approximately 13 billion Turkish Lira, roughly $266 million, over two years. Assets, properties, and accounts associated with the investigation have been seized.
Local reports indicate that the nine Israelis arrested were working in customer service centers for the network, according to ongoing investigations. Authorities continue to probe the roles of those detained and trace the flow of funds.
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