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Richard James Schueler, known by the alias "Whale James" and wanted via INTERPOL red notice, was captured in an operation in Istanbul's Beşiktaş district.

Schueler, whose hiding address was pinpointed through MİT's intelligence efforts, was taken into custody in a special operations raid supported by MiT and Istanbul Police, coordinated by the Istanbul Chief Public Prosecutor's Office.

The suspect, identified as having established an international crypto fraud network centered in Istanbul, was found to have conducted operations through affiliated offices in the US, Finland, and Spain.

At the address of the suspect, accused by the US Securities and Exchange Commission (SEC) of embezzling a $1.5 billion fund, items worth millions of dollars and numerous electronic devices were seized.

Seized:
53 Rolex watches
11 Patek Philippe watches
4 million dollars in cash
Numerous valuable pieces of jewelry
Numerous firearms