Pyramid scheme

The trial of a former branch manager of private lender Denizbank resumed in an Istanbul court yesterday, marking its fourth hearing as footballers provided testimony in a case involving allegations of a pyramid scheme that allegedly swindled renowned players, including Arda Turan and Fernando Muslera.

The trial of a former branch manager of private lender Denizbank, accused of orchestrating a pyramid scheme that allegedly swindled renowned football stars, including Arda Turan and Fernando Muslera, entered its second hearing at an Istanbul court on Jan. 12.

In the first response to the prolonged controversy surrounding a bank manager accused of defrauding prominent footballers and business figures, the bank has denied the allegations of responsibility over the financial losses of the victims.

The bank asserted that all transactions between the manager and the victims occurred outside the bank's responsibility.

The Bulgarian Ruja Ignatova is the latest addition to the top 10 of the FBI's most wanted persons. The "Crypto Queen" - as she is also called by the media, is also the only lady on the list.

The FBI announced a reward of 100 thousand dollars for information that could lead to the arrest of Ruja Ignatova.

A criminal group involved in vote buying has been uncovered, prosecutors said. Among the participants was a candidate for MP and municipal councilor.

The crime ring was funded by a person living in a country outside the European Union.

Kathimerini looks into the impact of the alleged OneCoin pyramid scheme on investors in Greece.