Turkish and Latin American detective bureaus have located fugitive Mehmet Aydın, the founder of the Çiftlik Bank pyramid scheme, in Brazil.
Aydın, who scammed people out of a total 500 million liras, reportedly can't be extradited back to Turkey due to diplomatic barriers.
A law firm that defended hundreds of people who lost money to the Çiftlik Bank scheme had started collaborating with a foreign investigations bureau when they received reports that the founder was in Brazil.
Aydın founded the pyramid scheme Çiftlik Bank in 2016 with 10,000 liras' capital and fled the country with half of the one billion liras he raised from 132,000 people.Pyramid scheme founder teenager receives 1 million Turkish Liras each month
It was also reported that Aydın's accomplice Suat Fehmi Emur had founded a company wash money from Çiftlik Bank, and that he had a witness threatened by one of his company's lawyer.
The case against Çiftlik Bank organizers involves 48 witnesses, two of whom are arrested and five are on the run.