Thodex founder’s sentence overturned, but fraud conviction stands
The Istanbul Regional Court of Justice has overturned part of the conviction against Faruk Fatih Özer, the founder of the now-defunct cryptocurrency exchange Thodex. The court dismissed charges related to starting an organization to commit a crime but upheld his fraud and money laundering convictions, according to local reporting. Özer, who was sentenced to over […]
IRS secures first crypto tax fraud conviction, setting legal precedent
For the first time, the IRS has successfully prosecuted a case of tax fraud solely involving crypto. The U.S. Internal Revenue Service has won a major victory, setting a legal precedent in the fight against crypto-related tax fraud. In December 2024, Frank Richard Ahlgren III was sentenced to two years in prison and fined $1.1 […]
