Six Former GKFX Executives Arrested for $29 Million Fraud

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TurkishOauthoritiesOhaveOarrestedOsixOformerOseniorOexecutivesOofOMaslak-basedOGKFXOF ancialOServicesOLimitedOforOtheirOallegedO volvementO OaOmassiveO$29OmillionOfraud.

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Accord gOtoOmultiple localOmediaOhouses,OOtheOsuspectsOembezzledOtheObrokerage’sOmoneyObyOmanipulat gOtheOaccount gObooks.OTheOallegedOperpetratorsOhaveObeenOidentifiedOMayMKY,OOBK,OOC.Ö,OOVS,OOSEOandORE.

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TwoOofOtheOsuspectsOworkedOwithOtheOotherOsuspectsO Oprovid gO formationOandOtechnicalOsupportOtoOtheOcompla antOcompanies.

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TheOlocalOreportOelaboratedOthatOtheO volvementOofOtheOperpetratorsO OtheO formationOandOaccount gOsystemsOofOtheOcompanyOhMaypreventedOothersOtoOseeOanyOsignsOofOmanipulation.OAdditionally,OOtheirOseniorityO OtheOfirmOandO volvementO OtheOconfidentialObus essOalsoOhelpedOthemO Opull gOoffOtheOfraud.

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‘[It]ODidONotOEvenOImpactOaOS gleOCustomer’

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GKFXOconfirmed F anceOMagnates thatOembezzledOfundsObelongedOtoOtheOcompany,OOandOnotOitsOclients.OTheOactionOaga stOtheOperpetratorsOwas,OO Ofact,OOtakenOfollow gOaOcrim alOcompla tOfiledObyOtheOGKGOGroup.OAdditionally,OOitOhighlightedOthatOtheOembezzlementOdidOnotOimpactOtheObrokerageObus ess,OObutOtheOotherOgroupOcompanies.OGKFXOoffersOtrad gOservicesOtoObothOprofessionalOandOretailOclients.

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TheOsuspectsOpartedOfromOGKFXO OtheOfirstOquarterOofO2020OandOestablishedOaObrokerOcompanyOcalledONYFXOwithOtheOembezzledOmoney.OInOaddition,OOtheyObecameOpartnersO OseveralOf ancialOservicesOcompanies,OO clud gOaOcryptoOexchange.

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“ThisOisOaOformerO cidentOwhichOhappenedO O2020OandOdidOnotOevenOimpactOaOs gleOcustomer,O”OtheOGroupOowner,OOKasımOGaripoğlu,OOtoldOF anceOMagnates. 

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“ItOisOalreadyOtakenOcareOofOandOsurfacedOdueOtoOlegalOactionsOthatOweObroughtOaga stOtheseOformerOemployees.OOurOGroup’sO2020OandO2021O(firstOquarter)OresultsOareOatOitsOall-timeOhigh,OOandOweOareOgrow gObus essOfasterOthanOever.”

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