Home » Turkish Ponzi Scheme Creator Sentenced to 45,000 Years in Prison

Turkish Ponzi Scheme Creator Sentenced to 45,000 Years in Prison

13.02.2025 13:00 1 min. read Alexander Stefanov
SHARE: SHARES
Turkish Ponzi Scheme Creator Sentenced to 45,000 Years in Prison

A Turkish court has sentenced Mehmet Aydin, the creator of the fraudulent mobile game Çiftlik Bank, to over 45,000 years in prison after orchestrating a massive Ponzi scheme.

Marketed as a virtual farming investment platform, the game convinced users they could profit from digital livestock linked to real-world agricultural assets.

More than 500,000 people, including 150,000 foreign investors, were caught in the scam before authorities shut it down and seized its assets.

Aydin fled to Uruguay, where he lived in luxury until being spotted driving a Ferrari, prompting an international manhunt. He later surrendered at the Turkish embassy in Brazil.

During his trial, Aydin insisted he had no intention to defraud anyone and blamed asset seizures for his inability to repay victims.

His brother, also charged, denied involvement. Authorities estimate the scheme generated illicit profits of around $131 million.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

Telegram

SHARE: SHARES
More Crypto Crime News
No Comments yet!

Your Email address will not be published.