Turkey Detains 127 Crypto Ponzi Scheme Co-Conspirators, Seizes Assets Worth Over $31 Million
The syndicate swindled $1 billion from investors who were deceived by the scammers' promise of high profits and zero risks. During the operation, which resulted in the detention of 127 individuals, law enforcement agents seized 177 immovable assets and 61 movable assets worth over $31 million
According to Turkish authorities, the country's law enforcement agencies have disrupted a criminal syndicate that lured unsuspecting residents into investing in a Ponzi scheme disguised as a cryptocurrency investment.
The syndicate is reported to have swindled $1 billion from investors who were deceived by the scammers' promise of high profits and zero risks. During the operation, which resulted in the detention of 127 individuals, law enforcement agents seized 177 immovable assets and 61 movable assets worth over $31 million
