International News
Turkish Crypto Boss, Brothers Sentenced To Over 11,000 Years In Prison
On Friday, the founder of a Turkish cryptocurrency company, who fled to Albania, along with his two brothers, has been sentenced to 11,196 years in prison each, according to the Anadolu state news agency.
Prosecutors had sought a 40,562-year prison sentence for the 29-year-old Thodex boss, Faruk Fatih Ozer, on charges of money laundering, fraud, and leading a criminal organization.
“If I were to establish a criminal organisation, I would not have acted so amateurishly,” Anadolu quoted Ozer as telling the court.
Ozer’s two brothers, Serap and Guven, were also handed the same lengthy prison sentence following a quick trial, as reported by Turkish media.
Initially, Ozer was reported to have left Turkey in April 2021, allegedly taking with him $2 billion in investor assets, although the exact amount has been a subject of dispute.
Prosecutors revealed that Ozer had moved 250 million liras in user assets (equivalent to about $30 million at the time) to three undisclosed accounts when he fled Turkey in April 2021, with a significant portion of the funds eventually reaching a bank in Malta.
According to the indictment, the Ozer brothers were held responsible for causing 356 million liras in damages to their clients.
This case garnered significant attention locally, especially as it occurred during a period of heightened interest in cryptocurrencies in Turkey, although the crypto market has since cooled due to increased government regulation.
Turks had increasingly turned to various cryptocurrencies as a means of protecting themselves against the prolonged depreciation of the lira, which had been ongoing for more than two years.
Ozer’s fame escalated when he was photographed meeting with ultranationalist pro-government figures.
However, he was apprehended in Albania last year based on an international arrest warrant issued by Interpol.
Turkey is known for its practice of imposing substantial prison terms, particularly since it abolished the death penalty in 2004 as part of its efforts to join the European Union.
Han Jong-hee, co-CEO of Samsung Electronics and a driving force behind the company’s dominance in the global television market, has died of a heart attack at the age of 63, the company confirmed on Tuesday.
“He died from cardiac arrest today,” a Samsung spokesperson stated, adding that Han is survived by his wife and three children.
Having joined the company in 1988, Han played a significant role in shaping Samsung’s television business.
READ MORE: Samsung Reports Worst Quarterly Profits In 14 Years
His leadership was instrumental in the launch and success of the company’s high-end LED TVs, which helped establish Samsung as a global leader in the industry.
“Han was central in the unveiling of Samsung’s world-class LED TVs,” the company noted in a biography published earlier this month. “His numerous other innovations enabled the company to continually demonstrate its technology leadership.”
His efforts ensured that Samsung maintained its position as a dominant force in the global television market.
Han’s death comes at a time when Samsung Electronics is grappling with challenges in the AI chip sector.
The company has been facing difficulties in meeting Nvidia’s standards, while its South Korean competitor, SK Hynix, has emerged as the leading supplier of high-bandwidth memory (HBM) chips for Nvidia’s AI processors.
Chairman Lee Jae-yong recently underscored the urgency of the situation, urging Samsung to adopt a “do-or-die” approach to overcome the growing challenges in the AI industry.
Last October, the company acknowledged it was facing a “crisis,” citing concerns over its “fundamental technological competitiveness and the future of the company.”
Pope Francis will on Sunday be discharged from Rome’s Gemelli hospital, where he has been receiving treatment since February 14 for breathing difficulties and pneumonia.
The 88-year-old pontiff will return to his residence at Saint Martha’s House in the Vatican, where doctors have advised that he undergo “a long convalescence… of at least two months.”
Speaking to reporters on Saturday, Dr. Sergio Alfieri explained that while the pope’s health is improving, further recovery is best achieved at home.
READ ALSO: Pope Francis’ Condition Improving, Says Vatican
“Further progress will take place at his home, because a hospital — even if this seems strange — is the worst place to recover because it’s where one can contract more infections,” Alfieri said.
Dr. Luca Carbone, another physician at Gemelli, added that there are positive signs in the pope’s condition. “We hope that he will soon be able to resume his normal activities,” he stated.
Before leaving the hospital, Pope Francis is expected to greet the public and offer a blessing from a hospital balcony after the Angelus prayers on Sunday, marking his first appearance in weeks.
Speculation about a possible resignation has been circulating due to the pope’s prolonged absence from public duties, but Vatican officials have firmly denied such claims.
When asked if the topic had been discussed, Vatican Secretary of State Pietro Parolin was clear in his response: “No, no, no, absolutely not.”
The pope, who had part of a lung removed in his youth, has received an outpouring of prayers and well-wishes from Catholics worldwide.
Supporters have been gathering outside Gemelli hospital, leaving flowers, candles, and messages of encouragement.
His hospitalization, the longest of his papacy has led to questions about how Easter celebrations will be handled in his absence.
However, Vatican officials remain optimistic about his gradual return to his duties in the coming weeks.
A Memphis man was accidentally shot by his own dog after the pet jumped onto his bed and triggered a loaded firearm, police confirmed on Wednesday.
The incident occurred early Monday morning while the man was asleep alongside his female partner.
According to police reports, the couple’s one-year-old pit bull, Oreo, inadvertently discharged the weapon after getting its paw stuck in the trigger guard.
READ ALSO: Nigerian Woman Mauled To Death By Stray Dogs In Italy
The bullet grazed the man’s left thigh, causing a minor injury that was treated at a local hospital.
The victim’s girlfriend, who spoke to Fox 13 Memphis, described Oreo as a playful dog and recounted the shocking moment the firearm discharged.
“The dog is a playful dog, and he likes to jump around and stuff like that, and it just went off,” she said. Reflecting on the incident, she added: “Keep the safety on or use a trigger lock.”
Police have classified the case as an “accidental injury” and have not disclosed the type of firearm involved.
Although gun-related incidents are frequent in the United States, cases involving animals firing weapons are rare.
In a similar case in 2023, a Kansas man was killed when his German shepherd stepped on a hunting rifle.
A comparable incident in 2018 saw an Iowa man accidentally shot in the leg by his pit bull-Labrador mix.
Authorities are using the Memphis case as a reminder of firearm safety, urging gun owners to secure their weapons properly to prevent unintended discharges.
Okpebholo Inaugurates Three Governing Councils
Kunle Remi, Wife Welcome First Child After Challenging Journey
Rivers Sole Administrator Orders LGAs To Submit Two-Year Reports
Fire Ravages Two-Storey Commercial Building In Anambra
State Of Emergency Resonates In Edo State
