Wednesday, July 28, 2021

Farm Bank - Cyber Ponzi Scam

Launched in 2016, Farm Bank was billed as a way for players to “win as they play, and have fun as they win.”
Farm Bank was a smart phone based pyramid scam that returned over $80m to the app’s founder, 26-year-old Mehmet Aydın. Farm Bank was a shameless pyramid scam.
In less than two years of running the scheme the company collected around $250m. Aydın made off with $80.5m, which he took with him to South America. There, reports captured his pechant for driving exotic cars and living in extreme luxury. On July 1, 2021, Aydın turned himself in to the Turkish consulate in São Paolo, Brazil.