Inside the Global Online Betting Empire of a Slain Turkish Cypriot Businessman

An investigative piece details a transnational illicit online gambling and money-laundering network allegedly linked to Turkish and Cypriot actors, describing recruitment of thousands of money mules (students, pensioners, low-wage workers) via social media, a pyramid-style oversight structure, and techniques such as rapid automated layering (e.g., 10,105 transfers in 60 seconds), crypto conversions, and large-scale ATM withdrawals to obfuscate fund flows; operations reportedly leveraged business accounts, regional hubs in Eastern Europe and the Caucasus, and overseas teams to avoid scrutiny.