This is the Turkish way. Get money now, think about how you are going to give it back later. That's why even thought the economy is in shambles, people still flex their new cars and iPhones (which are about double the price here)
As a Turkish guy I wanted to add some facts. Çiftlik Bank popped up when the economical problems affected every layer of the population. At first, people didn't believe it but, when the profits are delivered to the digital animal owners, new customer numbers sky-rocketed in a very short term. It is an excellent example of ponzi schemes. The thing with the çitlik bank is, customers are mostly mid-aged people. Those people are unconscious internet users and they are not awared ponzi schemes are a thing. And the fun fact is Turkish people always get scammed with those ponzi schemes time to time. As a result of the economical crisis is people always look for some ways that grants them easy money. We have saying that is "Bedava peynir sadece fare kapanında olur" which means "Free cheese will only be at the mousetrap"
The dead giveaway should have been how high the payouts were. $5880 yearly profit for a $4200 investment. That’s a 140% yearly return. Farming is famously hard to make money on. The math just doesn’t math
People who want fast money will never understand this concept. A lot of people are gullible, a few sweet words of persuasion and people fall for scams like this. Scammers are everywhere, protect your money.
If it was a 10-15% ROI it would have been believable. When banks are paying a Few% why would people believe some game is paying like 150% ROI thats wild.
@@lmergensolatis This. Its crazy how many people will put their life savings into their cousins friends crypto project and then lose it all, and dont even know what it was or how it worked.
@@Macks1913if you want to invest in a certain industry there's this thing called the stock market. A game for investing that doesn't play by the free markets will always have to be a scam
IKR? I am actually thinking of trying it...without the running away with the money part. Our agriculture sector needs SERIOUS investments and the govt sure ain't doing shit
It takes legitimate skill to burn through 80 million dollars in that short of a time. Dude could have had a budget of 1.5 million a year for the next 60 years.
@@umutberke4350 A local newspaper said Uruguay seized: The ferrari, the boat, two fiat fiorino trucks, a mercedes benz truck, a Hiundai Sonata, a Hilux toyota truck, five merdeces benz acro and 70% of some stock market shares he got while staying here
@@Mart77 probably Brazil and Uruguay have extradition treaties with Turkey and if they do, they have to arrest him anyway if found. Probably the police was close to him and ran out of money. The dude could have made it if he had stayed low but that is rarely the case with this type of people lol
I'm a young Turkish person who closely followed this event. During that time, they made advertisements with celebrities, rented large factories to shoot commercials, and raised millions of dollars in a very short period. Then, while it was still very popular, the government seized the company, and the owners quickly fled the country. The owner lived abroad for many years, was later arrested, and brought back to the country. At the time, he set up a large factory for Bitcoin mining and claimed that this would make the system more secure.
Think there should be more to the story of him surrendering himself to Turkish embassy in Brazil. With even a million dollars he should have been able to hide low somewhere in South America.
@@TheJubess Yes 😂 I wrote it before watching the video, and I was surprised when I saw it because it had been quite a big issue in our country. The other side of the story is that the mafia and corrupt bureaucrats took control by pressuring Mehmet. His escape and eventual surrender were not coincidental. A similar case thodex involved a cryptocurrency exchange scam, where it was claimed that $2 billion was stolen, and he also surrendered shortly after.
@@johnl.7754 Yes, he had connections with corrupt bureaucrats in the country. In recent years, Turkey has become increasingly entangled with the mafia, and it’s said that they target those who get rich quickly through such systems, taking their money. Thodex was another similar fraud story that ended the same way, with the perpetrator being caught and surrendering.
The worst thing about all of this is that it was actually a brilliant idea - if it had been done the way it was supposed to. Unfortunately his greed means it will likely never happen now.
This kid definitely had connections to some higher authority or the mafia because no random person at that age could establish a such huge scam business and run it successfully getting peoples money and then fleeing..
Right. I’m also left wondering why he decided to turn himself in. Did his money run out? Did he just feel bad? Or was there pressure from someone or something to turn himself in?
He put the money in a safe spot and decided to stop partying. He can get the best lawyers, wait for regime change and be forgotten, appeal the decision and walk out in 5 to 10 years. And we are talking here thinking Turkey has the right person, could be just a lookalike that was paid to divert attention while he continue to enjoy his life in SA.
@@Poseidon650when he scammed and ran away, 1 week later a man got arrested just outside his address in uruguay. It was one of his victims, some of them had collected money among themselves and bought the ticket for the dude. World is not so big when someone you pissed off is at best 20 hours away. His voluntary return hasnt been explained, other than him claiming to be out of his good heart. But most people assume Turkish mafia got involved and made some threats after getting hired by some of the victims.
Think there should be more to the story of him surrendering himself to Turkish embassy in Brazil. With even a million dollars he should have been able to hide low somewhere in South America.
Not exactly. Lets say those bees are $5000. The game gets $500 and $4500 goes to an actual real bee farm. That farm ends up making $13000 a month in sales. If the play gets 5% of that ($650) then in a year the player made $2,800 in profit. Thats at a steady rate. It could be even more if the farm became famous worldwide. Its one of those things that can work only if everything works well. One monkey wrench can ruin everything but thats with any investment.
@@kaeden2088 Not exactly is a very basic and sound idea. Product that makes money and that money is invested into a real industry. Maybe profits paid to players should be less but it would have worked.
@@w4hammerno, I’m talking about being able to manage the livestock with the app, there’s to many variables that go into play. What if the animal dies? What if there is 300 million users, no company can manage that many cows.
@@kaeden2088 You don't manage the livestock in the app. Its just a game you can spend money ingame to make your virtual farm better which is used for real investments. The idea isn't buying a virtual cow and they get a real one for you.
I'm quite sure he knows the sponsor well enough for him to put it in the video and promote it and relate it to his content. It's safe assume he uses it too provided he covers controversial topics related about crimes.
Really sad to hear about these stories that start off with a great idea. If someone with true good intentions and the money to follow through with it had taken up this concept it could really help a ton of people.
Usually, projects without first looking up the risks end up in a failure, regardless of the intention and amount of support it gets from the beginning.
Nah, it's a bad idea. The food industry runs on slim margins. There isn't a huge pile of money to share out between people who play games on their phone. It only "worked" cos he paid the earliest users out of the money the later users "invested" in the scheme. Ponzi scheme. They make massive, amazing profits, but only work for so long.
It's probably based on the numbers of victims he had. Let's say he committed fraud towards thousands of people, each giving maybe a few months in jail, in the end that becomes thousands of years.
it's probably because he might get a sentence for every person he scammed. so scam 1 person get 9 months jail, scam 100.000 people get 900.000 months = 75.000 years
It often happens in criminal trials, they simply add up all the charges no matter how absurd they sound. Obviously sentencing initself is a different ball game & rarely lives up to the maths.
The bigger scam is thinking they were acting alone... When this much money is involved, there are much bigger players involved, this two are just the fall guys...
The Chick Bank scam was an unfortunate incident, an epitome of the "too good to be true" stanza. Its deep impact not only shattered dreams but also a devastating dent on an entire community's economy.
First of all thanks for this amazing video. As a Turkish person, I can talk about why mehmet got this popular so fast and got that much amount of money in short notice. In a falling economy people are looking ways to make profit desperately, or at least try to make their moneys worth keep up. Just like mentioned in the video both supporting the nations farming industry and gaining money sounded miracle for our people at that time. With the nation wide ad campaigns it got out of hand in the blink of an eye. Like hell, even in my classroom when I was at highschool me and my friends were fighting over which animal to invest and how much we should put into one account. This was, I believe the first time Turkish people met with ponzi schemes. Even still, people are decieved by these types of schemes.
thats crazy. i am turkish and i remember watching this ponzi scheme on tv. i was way too young at the time to know what was happening so i didnt even know that the game existed in the first place. all i knew was how a tremendous amount of people got scammed and left homeless because their depts.
Honestly, it coulda worked if he created a proper economy for that game and paid only what he can from profits, you know, but actual farms, hires people, distribute only from profits, etc
I'm no expert by any means, but just off the top, I'd guess that the profits would be very, very slim compared to the investment. Charity for a good cause, maybe? I love the idea.
Yes but depends if the farm makes profit that day, if that exact farm doesnt make profit then you wont be making profit aswell, and if it didnt make profit and managed to earn more enough than what it has to pay you out too.
Where did his remaining 13 bucks go? like did one singular random victim of the scam get all his assets? (13$) did they split the money across several victims? Did the government just keep the 13 bucks to themselves? (seems a tad bit greedy) did the investigation team keep the 13 bucks for a pizza party? Such questions cannot be left unanswered.
Viewer from Türkiye here, i did not watched it yet but i will when i get home. Technically it started as legit business. It had many irl stores and support from the people. The operation was like the crypto game and irl world merge into one. As the time goes the popularity increased suddenly, then you know the history...
@@Apnachannal1234 So why don't you focus on making things that people will subscribe to instead of begging strangers on the internet? I'm not subscribing for that reason alone and i'm sure most others feel the same.
Some very quick mafs. You have millions of players buying multiple, even tens of millions of cows that are supposedly tied to real physical cows and their produce. Where does one get hundreds of millions of cows at such a short notice? Where would one keep them? How are they fed? Why isn't the country drowning in cows? With such simple logic, how didn't people catch on the moment they heard how the economy of the game supposedly works?
As a small farmer, I remember hearing this idea, and immediately thinking : SCAM. It’s incredibly hard to make farms majorly profitable. Typically you are running at a loss, and you do it for you. Either for the love of it or just to know where your food comes from, and keep you safe if the world becomes food insecure. It’s incredibly hard.
i think you should be a lot more clear when an ad segment is starting, especially if you're making informative videos. i don't think it's intentionally sneaky but it feels sneaky nonetheless. i don't like not knowing when i'm being advertised to, and i think that's more important than a satisfying segue. great video all around, i just wish i knew an ad segment was starting before i'm already 10 seconds into it without the brand name being mentioned yet
The actual concept if it wasn't so ludicrously too good to be true is actually quite neat, the idea of virtual "game" investments supporting real agriculture is a very clever idea if it worked in some way...
Simplicissimus uploaded this exact video in German a year ago, and I remember watching it on that channel. So weird to see this same video a year later in English!!
Fern used to promote an 'AI' tool for making videos with. I wouldn't be surprised if he's farming content from foreign-language videos from other creators.
Restocks, a sneaker reseller based in the Netherlands, exploited the market by taking shoes from people, reselling products for a profit, and never paying back the owners or delivering the items to clients. Whoever got rich with that will never pay anything or even get a fine for criminal actions as the company declared bankruptcy.
@1:09 I like how the Turkish fraudster is wearing an American flag T-shirt in his mug shot. He lerned fraud from the best, the good ole US of A. Catchy advert tune too, with a derivative American rap beat.
So you’re telling me he’ll be walking around freely after just 89,000 years?
should've gotten life sentence smh
Unbelievable!
The justice system needs fixing as that decision is not right smh 🤦♂
Live a kings live after 89.000 years, with people hard earned money
Thats outrageous
Just 44,500 years with good behavior
who the fuck takes out a loan to make in-app purchases 😭 be careful with your money, everyone
What the fuck kind of bank approves that loan lol
@@triumph.over.shipwreck Bank doesn't care what you're borrowing money for as long as your credit score is good
They might’ve lied about what the loan was for
This is the Turkish way. Get money now, think about how you are going to give it back later. That's why even thought the economy is in shambles, people still flex their new cars and iPhones (which are about double the price here)
addiction
As a Turkish guy I wanted to add some facts. Çiftlik Bank popped up when the economical problems affected every layer of the population. At first, people didn't believe it but, when the profits are delivered to the digital animal owners, new customer numbers sky-rocketed in a very short term. It is an excellent example of ponzi schemes. The thing with the çitlik bank is, customers are mostly mid-aged people. Those people are unconscious internet users and they are not awared ponzi schemes are a thing. And the fun fact is Turkish people always get scammed with those ponzi schemes time to time.
As a result of the economical crisis is people always look for some ways that grants them easy money. We have saying that is "Bedava peynir sadece fare kapanında olur" which means "Free cheese will only be at the mousetrap"
i like that saying, because in reality nothing is free
@@fortnitetrashcan8308In Germany we say "Nothing is more expensive than something free"
That Turkish saying reminds me of the old English adage "there's no such thing as a free lunch".
The same saying in Russia: "Бесплатный сыр бывает только в мышеловке". I mean, exactly the same.
Tbf some brave rat would take that risk and wishing for the mousetrap to be faulty lol
The dead giveaway should have been how high the payouts were. $5880 yearly profit for a $4200 investment. That’s a 140% yearly return. Farming is famously hard to make money on. The math just doesn’t math
People who want fast money will never understand this concept. A lot of people are gullible, a few sweet words of persuasion and people fall for scams like this. Scammers are everywhere, protect your money.
If it was a 10-15% ROI it would have been believable. When banks are paying a Few% why would people believe some game is paying like 150% ROI thats wild.
Je when I saw the profit I was like: how could anyone fall for this!!?
only get rich fast people fall for this
@@seanheaney8303 People believe what they want to believe. When money enters the equation, greed can blind us all.
Please don't ever invest what you don't have to lose, not in stocks and absolutely not in a game.
Also don’t invest in businesses you don’t understand.
Don't bother you can't fix stupid
@@lmergensolatis This. Its crazy how many people will put their life savings into their cousins friends crypto project and then lose it all, and dont even know what it was or how it worked.
Bad advise. It depends on how risky investment is. There's nothing fundamentally wrong in investing your life savings in S&P 500
no!
89 years in prison ❌
89,000 years in prison ✅
This kind of sentances need to become Word wide
@@simulatednatas how many times r u gonna say the same sentence?
@@stanisawlewandowski2148until he writes it without mistakes and correct grammar
@@Vracka Until it becomes word wide
that is meaningless, could have given life imprisonment, it means the same. They keep his dead body till 89000 years? do they?
Sometimes you see a scam and start thinking "How could I do something like this, without the scam portion and actually useful"...
It is actually a solid plan if possible
@@Macks1913if you want to invest in a certain industry there's this thing called the stock market. A game for investing that doesn't play by the free markets will always have to be a scam
IKR? I am actually thinking of trying it...without the running away with the money part. Our agriculture sector needs SERIOUS investments and the govt sure ain't doing shit
@@Macks1913it sure is possible, but not by paying as much as they were doing
Even if yours is 100% above-board and totally legit, the problem is that people will think yours is a scam because of con-artists like this guy.
"sounds too good to be true" is a tale as old as time
My parents said if I hit 4k they'd buy me a professional camera begging you g begging!!!😮
Bro is literally everywhere
Like mrbeast
youre literally EVERYWHERE
Reply to this reply to prove that you’re not a bot frfr
I got my next million dollar idea
My parents said if I hit 4k they'd buy me a professional camera begging you g begging!!!😅
@@Apnachannal1234no
@@Apnachannal1234my parents told me if I report UA-cam bots, they will finally be proud of me.
oh no!
@@Apnachannal1234 why you need professional camera though? phones nowadays shoot really good videos, even mrbeast is using samsungs as a vlog cameras
It takes legitimate skill to burn through 80 million dollars in that short of a time.
Dude could have had a budget of 1.5 million a year for the next 60 years.
Well they did mention he had a gambling addiction
$4,109.60 a day? EZPZ lol
He could've lived on 50,000 a year and lived a life of luxury in South America.
8:56 He partied hard non stop. Now he is going to take a break for the next 89,000 years.
I am from Uruguay, this guy was all over the place on the news
May I ask what happened to his stuff over there? Bro had a Ferrari lmao. I hope someone is ripping that on the roads.
@@umutberke4350 In the video you hear that his ferrari and boat got seized
@@umutberke4350 A local newspaper said Uruguay seized: The ferrari, the boat, two fiat fiorino trucks, a mercedes benz truck, a Hiundai Sonata, a Hilux toyota truck, five merdeces benz acro and 70% of some stock market shares he got while staying here
Why did he turn himself in? He could have just lived in South America for ever, without any care what's going on in his home country
@@Mart77 probably Brazil and Uruguay have extradition treaties with Turkey and if they do, they have to arrest him anyway if found. Probably the police was close to him and ran out of money. The dude could have made it if he had stayed low but that is rarely the case with this type of people lol
Yep, showing off in a Ferrari and yacht is the best way to "stay low" when the whole world is looking for you.
just his whole country
The cryptozoo before cryptozoo
did cryptozoo ever even release an app?
At least this one was functional not just hallucination from Logan and his "friend"s.
He did it better than logan paul
There's no CRYPTO or BLOCKCHAIN elements on Virtual farming site
and NFT wasn't a thing before.
NFT, Play2Earn and AI Art wasn't a thing in 2016.
I'm a young Turkish person who closely followed this event. During that time, they made advertisements with celebrities, rented large factories to shoot commercials, and raised millions of dollars in a very short period. Then, while it was still very popular, the government seized the company, and the owners quickly fled the country. The owner lived abroad for many years, was later arrested, and brought back to the country.
At the time, he set up a large factory for Bitcoin mining and claimed that this would make the system more secure.
Haha , yeah that seems about right. A short summary of the video
Think there should be more to the story of him surrendering himself to Turkish embassy in Brazil. With even a million dollars he should have been able to hide low somewhere in South America.
@@TheJubess Yes 😂 I wrote it before watching the video, and I was surprised when I saw it because it had been quite a big issue in our country. The other side of the story is that the mafia and corrupt bureaucrats took control by pressuring Mehmet. His escape and eventual surrender were not coincidental. A similar case thodex involved a cryptocurrency exchange scam, where it was claimed that $2 billion was stolen, and he also surrendered shortly after.
@@johnl.7754 Yes, he had connections with corrupt bureaucrats in the country. In recent years, Turkey has become increasingly entangled with the mafia, and it’s said that they target those who get rich quickly through such systems, taking their money. Thodex was another similar fraud story that ended the same way, with the perpetrator being caught and surrendering.
@@johnl.7754 seems like lil bro blew all his money since he came back with nothing. might just be that simple.
89,000 years,bro ain’t getting out for sure💀😭😭
This kind of sentances need to become Word wide
JAIL FOR THE IMMORTALS
@@meskonyolsen6657
THERE CAN BE ONLY ONE!
Bro coming out 89,000 after the death of humanity:
@@Enigmatic22I doubt that humanity will perish after that time
The worst thing about all of this is that it was actually a brilliant idea - if it had been done the way it was supposed to. Unfortunately his greed means it will likely never happen now.
This kid definitely had connections to some higher authority or the mafia because no random person at that age could establish a such huge scam business and run it successfully getting peoples money and then fleeing..
Right. I’m also left wondering why he decided to turn himself in. Did his money run out? Did he just feel bad? Or was there pressure from someone or something to turn himself in?
He put the money in a safe spot and decided to stop partying.
He can get the best lawyers, wait for regime change and be forgotten, appeal the decision and walk out in 5 to 10 years.
And we are talking here thinking Turkey has the right person, could be just a lookalike that was paid to divert attention while he continue to enjoy his life in SA.
@@Poseidon650when he scammed and ran away, 1 week later a man got arrested just outside his address in uruguay. It was one of his victims, some of them had collected money among themselves and bought the ticket for the dude.
World is not so big when someone you pissed off is at best 20 hours away.
His voluntary return hasnt been explained, other than him claiming to be out of his good heart. But most people assume Turkish mafia got involved and made some threats after getting hired by some of the victims.
@@JackSeries44 I think you watch too many movies.
He’s 33
I swear this channel covers everything
That’s why I love it, the variety means it’s always fresh
No lies
My parents said if I hit 4k they'd buy me a professional camera begging you g begging!!!😂
they already covered this on their first channel Simplicissimus
@@Apnachannal1234no
That was too smooth of a sponsor segment
it was so smooth that had i not noticed the grey progress bar below i wouldn't have realised it was an ad read
Fr it was buttery smooth
i litteraly thought he was talking about the app
bruhhh shit was so smooth i thought it was part of the story
too bad it's auto skipped with sponsor block :)
Think there should be more to the story of him surrendering himself to Turkish embassy in Brazil. With even a million dollars he should have been able to hide low somewhere in South America.
He spent all of his money partying and gambling, and he was also robbed and lost all of his money. He had no choice but to face the music
They probably blackmailed him by threatening his family in Turkey.
@@iGizmoTech By bragging online he is literally begging to be robbed
What an idiot burned through $80 million!
He pointed out that the guy only had $13 to his name when he returned to Turkey after turning himself in. He spent it all.
Buying virtual bees to earn real money? A scam as sweet as honey
Not exactly. Lets say those bees are $5000. The game gets $500 and $4500 goes to an actual real bee farm. That farm ends up making $13000 a month in sales. If the play gets 5% of that ($650) then in a year the player made $2,800 in profit.
Thats at a steady rate. It could be even more if the farm became famous worldwide. Its one of those things that can work only if everything works well. One monkey wrench can ruin everything but thats with any investment.
Gay
Wake up, its fern publishing a new video
My parents said if I hit 4k they'd buy me a professional camera begging you g begging!!!😂
no
@@Apnachannal1234 Stop the cap 🧢
Real comment My parents said if I hit 4k they’d bye me “Nothing!” I’m a like beggar I’m a like beggar!!!😂
@@Apnachannal1234no
Bro didn't just get a life sentence, his coffin is going to have a cell of its own too.
89 000 years his coffin needs a coffin
The fossil fuel that will be made from his bones is going to need its own cell lol
"You can invest in virtual livestock" should never be a sentence to begin with.
how the hell u verified with 11k lmao
NFT, Play2Earn and AI Art wasn't a thing in 2016.
@@Chunkydamonke and zero videos… 🤔
5:31 $250,000,000 from 130k people is $1900 per person 😭
More from one less from another but still brutal
Bro did the numbers
Many people spend a s**t ton of money in microtransactions of games that don't give them the money back. Now imagine if it claimed it would pay them.
If it isn’t a scam, the guy would’ve been a national hero instead of rotting in jail.
I agree, but I think it would be nearly impossible to pull off.
@@kaeden2088 Not exactly is a very basic and sound idea. Product that makes money and that money is invested into a real industry. Maybe profits paid to players should be less but it would have worked.
@@w4hammerno, I’m talking about being able to manage the livestock with the app, there’s to many variables that go into play. What if the animal dies? What if there is 300 million users, no company can manage that many cows.
@@kaeden2088 You don't manage the livestock in the app. Its just a game you can spend money ingame to make your virtual farm better which is used for real investments. The idea isn't buying a virtual cow and they get a real one for you.
I am turkish and the way you pronounced Çiftlik is spot on. I don't know how much time it took you to get it right bu it is really good.
Yes! The only thing is that bank was not read like that .. other than that it was successful
İngilizcede "chiftlic" şeklinde demesi zor olmasa gerek
You give so many stories that I never knew and find so interesting! Your such a great UA-camr, keep it up!
*You're
@@CrazyBrick30 mb usually good with grammar
Never in my life I would expect fern to make a video about this guy. He was a pretty big deal in our country.
3:25 didn't even realize if was watching an ad till it was too late lmao good job
I'm quite sure he knows the sponsor well enough for him to put it in the video and promote it and relate it to his content. It's safe assume he uses it too provided he covers controversial topics related about crimes.
0:58 the song is catchy though... you gotta give it to them 🤣
So he DID become medium-successful rap artist after all
As a turkish fan of your channel I never thought I would see Çiftlik bank here.
aynen
aynı şekil
Valla ben de jdjdjd
Teach me Turk please
Same başlığı görünce aklıma aaa aynı çiftlikbank gibi demiştim videoya bi tıkladım gerçekten çiftlik bankmış 😭😭
Really sad to hear about these stories that start off with a great idea. If someone with true good intentions and the money to follow through with it had taken up this concept it could really help a ton of people.
Usually, projects without first looking up the risks end up in a failure, regardless of the intention and amount of support it gets from the beginning.
@@Zahk_noodle very true
Nah, it's a bad idea. The food industry runs on slim margins. There isn't a huge pile of money to share out between people who play games on their phone. It only "worked" cos he paid the earliest users out of the money the later users "invested" in the scheme. Ponzi scheme. They make massive, amazing profits, but only work for so long.
8:50 how is 89k years possible 😭
Idk 😭
It's probably based on the numbers of victims he had. Let's say he committed fraud towards thousands of people, each giving maybe a few months in jail, in the end that becomes thousands of years.
it's probably because he might get a sentence for every person he scammed.
so scam 1 person get 9 months jail, scam 100.000 people get 900.000 months = 75.000 years
@@ChristiaanHW yes thats what i said
It often happens in criminal trials, they simply add up all the charges no matter how absurd they sound. Obviously sentencing initself is a different ball game & rarely lives up to the maths.
The bigger scam is thinking they were acting alone...
When this much money is involved, there are much bigger players involved, this two are just the fall guys...
This
89,000 years is nuts
thats equal to a sentence of about 3,500 murders in the usa
is he immortal
Isn't it fascinating how we always say 'too good to be true', but somehow forget it when it matters the most?
You guys don't know how much I wait for your videos❤❤
*Bro-brother?*
@@imheretosleep YO!! Bro with the same pfp(almost)
The Chick Bank scam was an unfortunate incident, an epitome of the "too good to be true" stanza. Its deep impact not only shattered dreams but also a devastating dent on an entire community's economy.
If mistakes make you stronger, then people who pay for mobile game in-app purchases are peak human form.
First of all thanks for this amazing video. As a Turkish person, I can talk about why mehmet got this popular so fast and got that much amount of money in short notice. In a falling economy people are looking ways to make profit desperately, or at least try to make their moneys worth keep up. Just like mentioned in the video both supporting the nations farming industry and gaining money sounded miracle for our people at that time. With the nation wide ad campaigns it got out of hand in the blink of an eye. Like hell, even in my classroom when I was at highschool me and my friends were fighting over which animal to invest and how much we should put into one account. This was, I believe the first time Turkish people met with ponzi schemes. Even still, people are decieved by these types of schemes.
thats crazy. i am turkish and i remember watching this ponzi scheme on tv. i was way too young at the time to know what was happening so i didnt even know that the game existed in the first place. all i knew was how a tremendous amount of people got scammed and left homeless because their depts.
So so many horrific crimes have gotten less than 50 years and this man gets 89,000
Loved it, What a narration, what an animation, Excellent as always @fern
My parents said if I hit 4k they'd buy me a professional camera begging you g begging!!!😮
Honestly, it coulda worked if he created a proper economy for that game and paid only what he can from profits, you know, but actual farms, hires people, distribute only from profits, etc
yeah...moron got greedy
yup the model couldve been successful is he didnt steal all the money lol
I'm no expert by any means, but just off the top, I'd guess that the profits would be very, very slim compared to the investment. Charity for a good cause, maybe? I love the idea.
Nah that model doesnt work
@@bradjohnson482 it is mostly charity AND a fun game.
Plus agriculture can be insanely profitable in the good years.
Best Channel ever, hooraah for every upload🎉
Can’t wait till fern makes a “Logan Paul, Internet Influencer or Serial Scammer?”
Just remember this one rule when you flee with $85 million? Stay out to sea. keep in international waters on your yacht. silly goose
no way this guy have an entire team for these videos! this is a straight up mini movie
But the real question is , could a GOOD person make this "game" work by offering lower but LEGIT yields??
Ive been wondering that too
No
@@ParoXXIV yeah? Why?
@@cr4yv3n not with such high interests. Also lot of people got into it just because of those high interests
Yes but depends if the farm makes profit that day, if that exact farm doesnt make profit then you wont be making profit aswell, and if it didnt make profit and managed to earn more enough than what it has to pay you out too.
89.000 years?😭 bro definitely regretted that turning in😭🙏
Where did his remaining 13 bucks go? like did one singular random victim of the scam get all his assets? (13$) did they split the money across several victims? Did the government just keep the 13 bucks to themselves? (seems a tad bit greedy) did the investigation team keep the 13 bucks for a pizza party?
Such questions cannot be left unanswered.
Viewer from Türkiye here, i did not watched it yet but i will when i get home. Technically it started as legit business. It had many irl stores and support from the people. The operation was like the crypto game and irl world merge into one. As the time goes the popularity increased suddenly, then you know the history...
On average, your normal mobile game steals £500,000 from stupid was kids using their parents credit cards. 💀
My parents said if I hit 4k they'd buy me a professional camera begging you g begging!!!😂
@@Apnachannal1234 So why don't you focus on making things that people will subscribe to instead of begging strangers on the internet? I'm not subscribing for that reason alone and i'm sure most others feel the same.
@@Apnachannal1234typical democrat begging for a handout.
Yeah he so dumb just keep developing the game and don't do get rich quick schemes how is that so hard?
Some very quick mafs.
You have millions of players buying multiple, even tens of millions of cows that are supposedly tied to real physical cows and their produce.
Where does one get hundreds of millions of cows at such a short notice? Where would one keep them? How are they fed? Why isn't the country drowning in cows?
With such simple logic, how didn't people catch on the moment they heard how the economy of the game supposedly works?
We need longer videos. Don’t be afraid to go into more detail. Been a bit short lately..
As a small farmer, I remember hearing this idea, and immediately thinking : SCAM. It’s incredibly hard to make farms majorly profitable. Typically you are running at a loss, and you do it for you. Either for the love of it or just to know where your food comes from, and keep you safe if the world becomes food insecure. It’s incredibly hard.
Your videos are great but could you please make the border between the actual content and the ad more clear?
from ferrari and yacht to $13 is a wild amount to blow in such a short window.
Very young rapper who didn't earn any of the money but just stole it. Fits the profile from someone who'd blow the money in no time.
YES! FINALLY! 60FPS! 👑🕺🕺🕺
89,000 years in jail is insane
Fern is the best channel for informationel videos
Fax
smothest sponsor transition ive seen 🌊🌊🔥
kind advice...making a video about about a big scam and then inserting an add about cybersecurity is not a good idea
Really? Why?
I don’t think you get it buddy
first video i’ve watched from fern channel , what a great video and nice editing +1 sub
i think you should be a lot more clear when an ad segment is starting, especially if you're making informative videos. i don't think it's intentionally sneaky but it feels sneaky nonetheless. i don't like not knowing when i'm being advertised to, and i think that's more important than a satisfying segue. great video all around, i just wish i knew an ad segment was starting before i'm already 10 seconds into it without the brand name being mentioned yet
there was an ad tag at the top right corner
imagine being upset about an ad, there are actual things to complain about in life my guy 💀
Bro I love this guys voice it’s the only documentary channel I will listen to😂
"Ferb, I know what we're gonna do today"
💀
Fern's video quality is just so good!!
Promoting a service through playing into fears is nasty
A few months ago i only watched 1 fern video, now i watch weekly. Good work, keep going
8:22 - Ah, the universal language... Love at first sight. 💵🤑
It’s insane to think how the title of the video could have been „How an App saved Turkish Agriculture“ if people weren‘t playing around.
What's up with the terrible AI image at 4:18?
The actual concept if it wasn't so ludicrously too good to be true is actually quite neat, the idea of virtual "game" investments supporting real agriculture is a very clever idea if it worked in some way...
He was arrested in my city and I had never heard of this story.
The next time you have me waiting so long for a video I swear I'll.. I'll.. wait desperately for the next upload. 😥
Babe wake up, fern published a new video!
Yo these animations are 🔥I dunno what you guys are doing but keep up the good work
3:18 that sponsor transition was smooth i didnt even notice it
A new Fern video, today is a happy day
Simplicissimus uploaded this exact video in German a year ago, and I remember watching it on that channel. So weird to see this same video a year later in English!!
Fern used to promote an 'AI' tool for making videos with. I wouldn't be surprised if he's farming content from foreign-language videos from other creators.
@NeighborhoodOfBlue Oh, maybe. I didn't consider that. I assumed they possibly started translating it. But it is odd to do it on a separate channel.
@@NeighborhoodOfBlue Yeah, a lot of shots look horrible because they got upscaled
Both channels belong together :)
Fern is just a coop of Simplicissimus.
@@sebastianheene6620 Thanks for the answer! It was super crazy to see. :)
When fern posts you know it’s a good day
bro always sneaks the ads in so well
Restocks, a sneaker reseller based in the Netherlands, exploited the market by taking shoes from people, reselling products for a profit, and never paying back the owners or delivering the items to clients. Whoever got rich with that will never pay anything or even get a fine for criminal actions as the company declared bankruptcy.
So you're telling me that someone other than my grandma and her friends were big fans of Farmville? That's possibly the saddest thing I've ever heard.
Dude probably thougth "okey, maybe i get 5 years and then im set for life"
If I had 80 Mil and a head start they'd never find me
Where would you be hiding
@@pinksaturn2787 nice try fed
@@maya-the-shitposter oh Nein 😔
As soon as something advertise over 100% profit a year you run for the hills, its a scam.
Hard to be mad at the guy. The funniest part for me was 7:57 where people try to take back livestock as compensation.
Love the quality of the videos, W Fern!
@1:09 I like how the Turkish fraudster is wearing an American flag T-shirt in his mug shot. He lerned fraud from the best, the good ole US of A. Catchy advert tune too, with a derivative American rap beat.
bro this channel is insane one of the best
yok artik bu adamin ciftlik bank hakkinda video yapacagini hic dusunmezdim
Vallahi ya şok oldum😂
Ağzımdaki suyu püskürttüm çiftlikbankı görünce
Turkish? Nah, English or Spanish?
Bro the smooth AD transitions are 🔥🔥
He took advantage of gamblers, but casinos do this legally, nice
I have never even seen this before until fern uploaded
at the start it was a very smart idea, then the greed for money took over...
My parents said if I hit 4k they'd buy me a professional camera begging you g begging!!!😅
These "investors" didn't think they were doing anything good. They just saw a way to make quick money.