High-yield bait 64 billion scams, even a famous player was caught...A Big Banker Pulls Out of Year 102
Dec 03, 2025
|
Cecil Erzan, who served as the head of a bank branch in Istanbul, was accused of stealing money from more than 30 people, promising high returns through fund management that do not exist.
The victims are gorgeous. Emre Belozoglu, who played for Inter Milan and Newcastle United, as well as former and current Turkiye national team players such as Arda Turan and Selchuk Inan, were included. Fernando Muslera, a goalkeeper for the Uruguayan national team who played for Galatasaray, was also found to have entrusted money to Erzan. Erzan received money in cash from investors, totaling 33 million pounds (about 64 billion won).
Erzan's fraud was soon spotted by Turkiye authorities. The tax payment issue was caught up, and he was eventually arrested in April 2023. Erzan argued that he never used the term 'fund' to investors and had no intention of embezzling investments. However, the Turkiye court sentenced him to 102 years and four months in prison and imposed a fine of 753,880 lira (20.67 million won). The Daily Star said that in the course of the verdict, Erzan sobbed. Accomplices indicted along with Erzan were also sentenced to prison and fined.
Fraud targeting active or retired players is common not only in Europe but also in Korea. They throw various baits, including investments in high-yield guarantees, to intercept the wealth they accumulated while playing during their active days. It is common to realize that it is a fraud late and start collecting the principal and then fail. Careful attention is required, but the number of victims of players with less social experience than professional life has not decreased.
This article was translated by Naver AI translator.
