Turkey probes alleged Israeli-led $3 billion fraud network

Istanbul prosecutors said on Friday that Israeli citizens allegedly managed an international investment fraud network operating from Turkey that defrauded victims around the world of more than $3 billion, according to a statement by the Istanbul Chief Public Prosecutor's Office. The operation, which was led by Turkey's Interior Ministry and National Intelligence Organization in coordination with the Istanbul Chief Public Prosecutor's Office, the Istanbul Security Directorate's cybercrime unit, and Interpol, ended with the arrest of 191 suspects, including nine Israelis. According to statements from the Turkish Justice Ministry, the investigation found that the operation was a large organization rather than the activity of individual companies. Prosecutors alleged that the organization was "managed by Israeli citizens" and referred to its leaders as "Israeli fraud barons."