Turkish Prosecutors Indict 504 Suspects in $850M Crypto Money Laundering Network
2026-07-12 14:27

Woofun AI reports that Turkish prosecutors have filed an indictment against a criminal network linked to the "Grand Bazaar", involving approximately $850 million. The charges cover 504 suspects accused of utilizing shell companies, bank accounts, foreign exchange offices, POS terminals, and cryptocurrency transactions to conceal illicit gains. Authorities allege the group converted funds into cryptocurrencies for international transfer and deceived victims through fraudulent investment schemes promising high returns. Prosecutors seek a maximum sentence of 34.5 years for alleged mastermind Türker Ak and 31 years for network manager Murat Dönmezoğlu.

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Türker Ak
Murat Dönmezoğlu
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