Turkish authorities have dismantled an alleged international investment fraud network operating in Istanbul, arresting 191 of 239 suspects in a joint operation involving security, intelligence, prosecutorial and financial-crime agencies. The network, allegedly controlled by Israeli citizens, used Turkey-based companies presented as service, consulting and tourism centers to attract victims through social media and advertising into forex and cryptocurrency trading. Victims were initially encouraged to make small investments, then pressured to provide additional funds; withdrawal requests were allegedly met with claims that accounts had been frozen and demands for further payments. Authorities searched 44 locations and 286 addresses and seized vehicles, real estate, bank accounts and crypto assets valued at approximately 1.5 billion Turkish lira. The alleged losses exceeded $3 billion.