Turkey arrests founder of brokerage at centre of $18bn alleged Ponzi scheme

Turkish authorities have arrested the founder of a brokerage at the heart of an alleged $18 billion Ponzi scheme that devastated the savings of numerous investors. The case has sparked significant scrutiny over why regulatory bodies didn't intervene sooner, raising broader questions about oversight in financial markets. The implications extend beyond the immediate financial losses, potentially impacting investor confidence and the regulatory framework governing such schemes. For more details, check out the full article linked here.