August 2, 2021
Business

Wanted founder of ‘Farm Bank’ scam extradited to Turkey

Turkish national Mehmet Aydın, who has been on the run after allegedly embezzling money from thousands of people in a virtual farming-based Ponzi scheme has been extradited to Turkey and detained.

The 30-year-old is thought to have collected the equivalent of more than $131 million in Turkish lira from over 130,000 people through an online scheme called “Çiftlik Bank,” or Farm Bank, an online game inspired by FarmVille where participants owned virtual animals and crops. Aydin fled abroad with some of that money.

Prosecutors are seeking over 75,000 years in prison on charges including establishing and running an illegal organization, fraud and money laundering.

Turkey had an Interpol red notice out for Aydin, who turned himself in to authorities in Brazil after more than three years on the run. He was brought back to Turkey late Saturday and taken into…

Read full article here: www.dailysabah.com