BUZZING· 70%33m·2026-10-04·MoneyTurkey's $20 Billion Fund Collapse Explained
In September 2026, Turkey's investment fund industry collapsed, after funds run by Tera and Pusula failed to meet redemptions and regulators froze and liquidated 131 funds holding about $20 billion of savings belonging to more than 455,000 investors. In this video, Patrick Boyle looks at how Emre Tezmen's Tera, which…
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What people are saying
“66,000% returns in 3 years, I think all drug dealers should quit their biz and invest in this fund.”
“They need to rebrand as Turkey-AI”
“Turkish here. Scandal is getting bigger everyday even the therapist who cured my gambling addiction lost 1 m Turkish lira there hahahahaah”
“As a Brazilian I can say with 100% confidence and having zero knowledge of Turkey: their own government and judiciary has links with Tera. It is impossible otherwise”
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