https://www.live-feeds.com/feed/multibillion-dollar-stock-market-scandal-roils-erdogan-s-turkeyContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/multibillion-dollar-stock-market-scandal-roils-erdogan-s-turkeyhttps://www.live-feeds.com/feed/multibillion-dollar-stock-market-scandal-roils-erdogan-s-turkey#u78796Mon, 21 Sep 2026 15:26:15 +0000Turkish authorities are liquidating investment funds involved in a multibillion-dollar scandal described as a Ponzi-like scheme. The crisis triggered a market selloff and a liquidity crunch, forcing the Turkish government to step in to support financial markets. Law enforcement has expanded its crackdown, detaining two holding company chairmen as part of the ongoing investigation. The collapse of the fund has disrupted the Turkish stock market and halted the ambitions of the fund's leadership to emulate the success of global firms like Goldman Sachs.Why it mattersThis scandal exposes vuln