uniladtech homepage
  • News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
Man who scammed entire country out of $130,000,000 using mobile game is facing 89,000 years in prison

Home> News

Published 10:32 8 Oct 2024 GMT+1

Man who scammed entire country out of $130,000,000 using mobile game is facing 89,000 years in prison

The game raked in millions of cash from users in less than two years

Rebekah Jordan

Rebekah Jordan

google discoverFollow us on Google Discover

One man created a virtual farming app that scammed 132,000 people out of millions of dollars - and then disappeared.

Mehmet Aydın developed Farm Bank (Çiftlik Bank in Turkish), which - on the surface - was a seemingly innocent app where users could run and manage their own farms.

But unlike the popular Facebook game Farmville, Farm Bank had a sneaky twist.

It was actually a pyramid scheme that managed to rake in about $250 million (1.14 billion lira) from users in less than two years.

Advert

Now, the fraudster is facing a total of 89,000 years in prison, according to Turkey's Demirören News Agency (DHA).

YouTube/@fern-tv
YouTube/@fern-tv

Farm Bank launched in 2016 promising players a chance to 'win as they play, and have fun as they win' and encouraged them to invest in what they thought was actual livestock and agricultural land.

So users would spend real money for the upkeep of virtual chickens, sheep, bees and cattle, earning cash back in the game.

By purchasing things, they could earn gold bars which they believed they could exchange for actual cash.

Back in Turkey, franchisees paid Farm Bank to open shops that sold products like meat and cheese, all branded with the Farm Bank logo - making it seem like the goods came from the company’s livestock. It did not.

At the time, Turkey’s agriculture was struggling so the game seemed like a way to help out the country’s farming industry.

YouTube/@fern-tv
YouTube/@fern-tv

However, the game was later revealed to be a massive scam and most of the farms Aydın claimed to have were actually inactive.

By 2017, around $250 million was reported to have been invested into the game by users, but problems started popping up when people tried to withdraw their money.

In December 2017, Aydın abruptly sold his shares in the company. A month later, Farm Bank announced it would 'suspend accepting new users' and 'stop paying out profits.'

In March 2018, authorities revealed the app was a scam, and a criminal investigation kicked off.

The situation escalated into a global manhunt after Aydın fled to Uruguay with tonnes of cash.

He didn’t exactly hide, though as he was spotted 'driving around in a Ferrari.'

Finally, in 2021, he was caught in Sao Paulo, where he was arrested and sent back to Turkey.

Featured Image Credit: YouTube/@fern-tv
Gaming
Money
News

Advert

Advert

Advert

  • How one man scammed an entire country out of $130,000,000 using a mobile farming game
  • Bizarre way man who scammed entire country out of $130,000,000 using mobile game was caught by police after years on the run
  • Man scammed Google and Facebook out of $122,000,000 by sending them fake invoices
  • Man sentenced to 15 years in prison over $40,000,000,000 'generational fraud'

Choose your content:

an hour ago
4 hours ago
7 hours ago
a day ago
  • Christopher Furlong / Staff / Getty
    an hour ago

    Heat pump and solar panel installation for all new homes could could lead to significant annual savings

    Only 5 percent of UK homes have solar tech installed

    News
  • Tri-Star Pictures
    4 hours ago

    AI predicts disastrous consequences if all artificial intelligence disappeared from the world

    It's not the cheerful utopia you might be dreaming of

    News
  • John Lamb / Getty
    7 hours ago

    Worrying new data shows if men or women are more at risk of losing their job to AI

    The battle of the sexes is well and truly on

    News
  • d3sign / Getty
    a day ago

    Typing these 6 words into Google could leave you seriously vulnerable to cyberattacks

    Hackers are targeting one specific term through Google

    News