Fraud on the Farm: How a baby-faced CEO turned a Farmville clone into a massive Ponzi scheme

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Farm Bank was a Farmville-like game where users would take care of virtual farm animals, but with a twist. Users could spend real money as an investment in their farm and animals, which allegedly had real world counterparts, and make a return on their investments by simply playing the game and caring for their animals. However, there were no real farms nor animals. Any pay-outs were driven by a pyramid-scheme structure, and the app’s CEO eventually fled to South America, making off with 80 million USD in the process.
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