Cecil Erzan was the manager of a phony secret fund, where he invested the money of just over 30 victims, such as footballers.
December 3
2025
– 5:15 pm
(Updated at 5:15 p.m.)
Photo: Reproduction – Caption: Former bank manager argues he did not keep money from alleged victims, but did not escape conviction / Jogada10
Cecil Erzan, a former bank manager, was sentenced to 102 years in prison, because he was the manager of a false secret fund that harmed footballers. After all, the fraudulent scheme carried out by a financial professional harmed more than thirty victims, including professional athletes. According to investigations, investment in criminal practices amounted to approximately R$ 234 million. The main applications of economic resources took place at the Deniz Bank branch in Florya, Türkiye, which it managed.
The main crimes that the Turkish court accused Cecil of committing were qualified fraud, forgery of private documents and abuse of trust of more than 30 targets, which were included in the lawsuit. Incidentally, the main reason people decided to invest their money was the promise of high financial returns. However, there was never compliance because the investment fund was fraudulent.
Famous footballers have been the target of a financial scam
Among the most famous victims are some footballers, such as Arda Turan, the former Atletico Madrid and Barcelona midfielder. In addition to goalkeeper Fernando Muslera, who played for Galatasaray and the Turkish national team for a long time. In fact, the archer was one of the foreign athletes who won the most trophies in Turkish football.
Two other targets include Emre Belozoglu, who played for Inter Milan and Newcastle, as well as Selcuk Inan, the former Galatasaray captain. He also represents one of the main idols of Turkish football.
According to the investigation related to the lawsuit, the former bank manager received cash payments. Cécile then delivered written or sealed documents, which symbolized some sort of proof of the supposed orders. This criminal procedure, which is similar to well-known pyramid schemes, arose when the amount of working capital available was insufficient to pay the income.
Trying to defend the former manager
He was arrested and initially charged in April 2023. Incidentally, the operation took place this week. The trial decided to convict her, and in an attempt to defend herself, she said that she had been the target of an attempted robbery. Cecil declares that he never used the word “box” and that he fell into some kind of trap from which he was unable to escape.
The accused became agitated when she tried to convince her that she had money from one of the alleged victims. She confirmed that she had records to prove her claim. He also called on judges to give priority to a fair decision. The former bank director also confirmed that she would not attempt to escape if she was sentenced to house arrest.
But the judges did not believe the financial expert’s statements and decided to sentence her to 102 years and four months in prison. In addition to the necessity of paying a fine of approximately 96 thousand Brazilian reals;
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