US Crypto Fraud Suspect Arrested in Istanbul Operation
Richard James Schueller, wanted by Interpol over a $1 billion crypto fraud case, was detained in Istanbul alongside his wife and three associates.
KEY POINTS
- Richard James Schueller arrested in Istanbul on October 14, 2026
- Wanted by Interpol over alleged $1 billion crypto fraud in the US and Finland
- Wife and three associates also detained during the operation
- Cash, electronics, weapons, and luxury items seized in raids across three districts
- Justice Minister Akın Gürlek announced the arrest via social media
Turkish security and intelligence units arrested Richard James Schueller in Istanbul on October 14, 2026. The suspect, a US citizen, is wanted by Interpol at the request of Finland and the United States over alleged crypto asset fraud worth $1 billion.
The operation took place in the Beşiktaş district after intelligence and financial crimes teams located Schueller. His wife was also detained at the same address.
“Turkey will not be a haven for individuals accused of crimes and international fugitives.”
Security forces seized cash, electronics, weapons, and luxury goods during raids at multiple addresses. Items included 600,000 dollars, 2,600 euros, 50,000 Turkish liras, 29 mobile phones, 12 laptops, and four long-barreled rifles.
Three additional people accused of protecting the suspect were detained during the operation. Justice Minister Akın Gürlek announced the arrest and stated that Turkey will not be a haven for international fugitives.
The suspect and his wife were taken to a police station for processing. Investigations into both individuals remain ongoing under the coordination of the Istanbul Chief Public Prosecutor's Office.
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