Turkish Consulate in Sao Paulo

Ponzi scheme founder arrested

A court in Istanbul has ordered the arrest of Mehmet Aydın, the founder of the online Çiftlik Bank (Farm Bank) Ponzi scheme.

Aydın, 29, surrendered to the Turkish Consulate in Sao Paulo, Brazil and was arrested at the Istanbul Airport as soon as he landed on July 3.

Founder of Çiftlik Bank extradited to Turkey

Mehmet Aydın, the mastermind of the Çiftlik Bank (Farm Bank) Ponzi scheme, who has been on the run for three years, was extradited to Turkey late on July 3.

Aydın, who surrendered to the Turkish Consulate in Sao Paulo, was arrested at the Istanbul Airport in an ongoing investigation by Istanbul prosecutors after a Turkish Airlines plane arrived at 10.10 p.m.