Thodex, suspected of having fled Turkey with the assets of his clients, arrived in Istanbul on Thursday after his extradition from Albania and was immediately taken into custody, officials said. Fugitive businessman Faruk Fatih Ozer is suspected of having fled Turkey in 2021 with a reported $2 billion in investors’ assets. Albanian police said in a statement that Ozer was extradited to Turkey on Thursday morning after an Albanian court gave the greenlight. The Istanbul-based Thodex exchange used aggressive advertising campaigns to lure investors. Media reports said at the time that the exchange shut down while holding at least $2 billion from 391,000 investors.

Source: The North Africa Journal April 20, 2023 14:58 UTC