A Swedish man has been arrested and detained in Turkey, suspected of fraud in the multi-billion class, reports Sweden's Radio Ekot.
The newspaper Smålänningen was the first to report on the man, who is suspected of having committed the fraud through a cryptocurrency company. The company, where the man was CEO, was active between 2019 and 2022 and had three million customers worldwide when it went bankrupt. It did not have any operations in Sweden.
The customers had invested a total of billions, money that they lost. Lawyer Lars Olofsson, who represents around 2,500 plaintiffs in about 20 countries, tells Dagens ETC that it has caused great suffering.
It's often not rich people, but ordinary people who invested everything they own and have. As far as I know, three of my clients have committed suicide due to this.
The suspected man is registered as emigrated with the Tax Agency and has changed to a Turkish name and obtained Turkish citizenship.
According to Turkish media, the man denies the crime.
