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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Technology
The First Solar-Powered Car Comes at a Hot Price
The Lightyear O is a revolutionary electric car powered by the sun. Developed by a Dutch startup, the four-door sedan has over 50 square feet of solar panels on its roof and hood, generating up to 43 miles of energy a day. With production now underway in Finland, the car does come with a hefty price tag at $262,000, but the company hopes to introduce a more affordable version, the Lightyear 2, by 2025. Read full article here