Forex Broker turkey Armed Clients Storm Jail Face Decades
A number of the armed men that allegedly raided Venbey Forex are members of Turkish exchange Borsa Istanbul. Forex Broker turkey, The online trading industry has sadly seen its share of angry or violent clients taking direct action, but nothing as severe as this before.
A number of Turkish citizens are now facing up to 56 years in jail over an alleged armed raid on the managers of a brokerage in Turkey according to major newspapers reports from the country.
About Forex Broker turkey Armed Clients Storm Jail Face Decades, the forex brokerage the story revolves around is Venbey Yatırım, which allegedly operates under two types of setups, one is a registered broker in Turkey and the second a non-registered market-maker broker which accepts cash deposits from clients – which some people prefer in order to avoid paying tax.
Read also: EU to compile blacklist of tax havens
When some clients earned a profit and wanted to withdraw their money Venbey Yatırım refused to honor the deal and blamed the managers that they took money for themselves. In response, these clients as well as the owners of Venbey Yatırım allegedly raided the managers’ offices and took them hostage.
Regarding Forex Broker turkey Armed Clients Storm Jail Face Decades, In turn, the Venbey Yatırım managers reported the incident to the police and now the owners and clients of the brokerages are facing criminal allegations of extortion, hostage-taking, illegal forex trading, tax evasion and making threats with a gun – charges that carry a maximum plenty of 56 years in Turkey.
Hüseyin Gürsöz, CEO of boutique software and solution provider Meta-Technologies as well as an expert on the Turkish market, describes the players involved: “The leading role in the story here – Venbey Yatırım – is an only-forex business with an average trading volume. ALB Menkul is 3rd biggest broker in Turkey, and Uguras Kıymetli Madenler has the biggest metal trading volume in Borsa Istanbul. Some of the others involved are also members of Borsa Istanbul but they don’t have any significant volume.”