Turkey says Israeli citizens led alleged $3 billion international investment fraud network

Turkish prosecutors have announced the arrest of 191 suspects involved in an alleged $3 billion international investment fraud network, led by Israeli citizens. The operation, coordinated by Turkey's Interior Ministry, National Intelligence Organization, Istanbul Chief Public Prosecutor's Office, Istanbul Security Directorate's cybercrime unit, and Interpol, ended with the arrest of the suspects.

The investigation found that the network was managed by Israeli citizens, who appointed managers in various countries to establish companies and service centers used to operate the fraud network. Turkish Justice Minister Akin Gurlek stated that the investigation revealed a dominance of entities with links to Israel, and the suspects used fabricated life stories and a complex fraud mechanism to deceive victims.

Potential investors were promised high returns from foreign exchange and cryptocurrency investments, and the operation used multiple platforms, such as Inefex, Quantum AI, Algo Education, and Exentral-Int, to manipulate data and encourage additional transfers.

Brief written by urgent.news from Jerusalem Post's own syndicated text. Machine-written — may contain errors; check the original before relying on it.