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Billionaire Richard James Schueler Arrested in $1.5 Billion Crypto Fraud Probe

14 Oct 2026· CLOM Newsroom· CLOM· 1 min readREGULATION

Billionaire Richard James Schueler, also known as 'Whale James', was arrested in Istanbul during a dawn raid conducted by Turkish intelligence and police.

He was reportedly wanted under an INTERPOL Red Notice and is accused of being involved in a cryptocurrency fraud network with international links.

Reporting aggregated and summarized by CLOM — research & education, not financial advice.

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