Turkey Detains 9 Israelis in Alleged $3 Billion Investment Fraud Network
Authorities say the network used 29 companies and 44 call centers to lure investors with fake profits and block withdrawals.
- Justice Minister Akın announced a sweeping investigation on Friday into an international investment fraud network, with Turkish authorities detaining 201 people as of Saturday for allegedly defrauding victims worldwide of more than $3 billion.
- Findings from the National Intelligence Organization, known as MIT, suggest Israeli-linked figures relocated operations to Turkey after Israel outlawed the binary-options industry in 2017, allegedly dominating ownership structures as 'Israeli fraud barons.'
- Operating through 29 companies and 44 call centers, the network posed as legitimate consulting and tourism businesses, recruiting victims through social media advertisements promising high returns, Turkish prosecutors report.
- When investors attempted to withdraw funds, they were allegedly told their accounts were 'blocked' and required additional payments as taxes or fees. The Interior Ministry seized assets worth about $31 million, including 80 vehicles and 12 properties.
- Among the 201 detainees, authorities report 156 were Turkish citizens and 45 were foreign nationals, including nine Israelis and 11 Pakistanis. The broader investigation involves 248 suspects, with authorities continuing efforts to locate those still at large.
28 Articles
28 Articles
The National Intelligence Organization (MİT) carried out a breathtaking pinpoint operation targeting the top leader of an international Forex fraud network with Israeli links. Robert Hason, an Israeli citizen who organized the network and identified himself as 'Jak Tovim', was targeted by MİT's special operation...
Report: Nine Israelis detained in Turkey over alleged $3 billion fraud
Turkey's justice minister said Israel-linked figures prevailed among the network's beneficiaries, which defrauded more than $3 billion from victims worldwide. Over 200 suspects have been arrested, including nine Israelis, Turkish media reports said
Turkey detains 9 Israelis in alleged $3 billion investment fraud network
Turkish prosecutors say an Israeli-linked network used dozens of call centers and fake forex and crypto platforms to lure victims worldwide, while allegedly instructing employees not to target Israelis or Americans
In an international fraud investigation with Israeli connections, coordinated by the Istanbul Chief Public Prosecutor's Office and conducted by the Istanbul Regional Directorate of the National Intelligence Agency (MİT) and the Istanbul Police Department, proceedings were initiated against 248 individuals, and 201 suspects were taken into custody. Those detained include individuals from 20 different countries.
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