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Bloomberg

Turks Chase Lost Savings as Fund Scam Snares 455,000 Investors

Wednesday, September 23, 2026


Mehmed Kervanci placed his savings into a Turkish stock fund and attempted to sell his position two weeks later. The fund involved has drawn approximately 455,000 investors. Turkish financial authorities have opened investigations into the fund's operations and investor claims.

Original reporting: https://www.bloomberg.com/news/articles/2026-09-23/turks-chase-lost-savings-as-fund-scam-snares-455-000-investors

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