US Crypto Fraud Suspect Arrested in Istanbul, Turkish Minister Says
Richard James Schueler was detained with his wife in an operation tied to an alleged $1 billion crypto fraud in the US and Finland.
Key takeaways
- Turkish authorities detained Richard James Schueler and his wife in Istanbul on October 14.
- Searches at 15 addresses yielded 7 million 150 thousand US dollars and 160 thousand TL, devices, valuables and weapons.
Richard James Schueler, a US citizen accused of involvement in a $1 billion crypto asset fraud in the United States and Finland, was detained in Istanbul, Turkish Justice Minister Akın Gürlek said. Gürlek said INTERPOL had issued a red notice for Schueler.
Schueler and his wife were detained during an operation in Istanbul’s Beşiktaş district on October 14. Three other people identified as their alleged bodyguards were also detained, the minister said.
Searches at 15 addresses in Beşiktaş, Üsküdar and Sarıyer yielded 7 million 150 thousand US dollars and 160 thousand TL, along with six cold wallets, electronics, valuables and weapons. Gürlek said legal proceedings and examination of the seized items are continuing.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
