FALCON POWERS – A Swedish man has been arrested in Turkey and is being held on suspicion of involvement in massive fraud amounting to billions, according to Sveriges Radio “Ekot.”
Reports suggest that the man led a fraudulent operation through a company specializing in digital currencies, where he served as CEO from 2019 to 2022.
When the company collapsed, it had around three million customers globally, leading to investment losses in the billions of dollars. Lawyer Lars Olofsson, who represents approximately 2,500 affected victims in over 20 countries, described the situation as tragic, noting that the majority of those impacted are ordinary people who invested their savings.
He added that three of his clients have committed suicide as a result of these losses.
The accused, who changed his name and acquired Turkish citizenship, denies all charges against him, according to reports from Turkish media.
