Red Flags
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Futurenet
FutureNet scammed thousands through an MLM crypto scheme before its founders fled prosecution. While Morgenstern awaits extradition, Ziemian remains on the run, exposing the challenges of global financial crime enforcement.
Quick summary on Futurenet
FutureNet, founded in 2014 by Roman Ziemian and Stephan Morgenstern, operated as an MLM Ponzi scheme disguised as a legitimate business. It initially used a matrix cycler model before launching FuturoCoin in 2017, misleading investors with false promises of high returns. The cryptocurrency collapsed in 2018, causing significant financial losses.
Regulatory Warnings Ignored: Despite warnings, FutureNet continued deceiving investors, leading to a South Korean investigation in 2020 after complaints from 950 victims who lost €16 million. European authorities have been slower to take action.
Legal Troubles for Key Figures: Ziemian was arrested in Italy but fled after being released, reportedly returning to Dubai. Morgenstern was captured in Greece, escaped to Albania, and was re-arrested in August 2023. He remains in custody, awaiting extradition to South Korea. Polish authorities have issued European arrest warrants for both co-founders.
Impact on Investors: FutureNet defrauded thousands, with nearly 20,000 victims in Poland alone. Authorities have recovered only $4.5 million of the estimated $20.6 million in damages, leaving most victims without recourse.
Recovery and Outlook: Ongoing investigations in Poland and South Korea seek further asset recovery and prosecution of the fraudsters. The case highlights the difficulties of prosecuting international financial crimes and the need for stronger cross-border enforcement.
Intel Reports
by: Matías Peña
The CEO ran the company into the ground and did jail time for bribery. Morale hit absolute rock bottom before I left the company
by: Isabela Fuentes
FutureNet's medium-low trust score of 38.7/100 raises concerns about its legitimacy
by: Thiago Silva
FutureNet promised a better future, but all they did was leave people worse off. They preyed on people's hopes, especially those who were struggling to make ends meet. I can't believe I fell for it.
Cons
by: Ricardo Ortega
After signing up, I was assigned to a random team leader, not the person who recruited me.
by: Natalia Guzmán
The CEO lied to nearly all levels of staff about how bad things really were."
by: Fernanda Espinoza
The CEO ran the company into the ground and did jail time for bribery. Morale hit absolute rock bottom before I left the company
by: Antonella Reyes
The CEO lied to nearly all levels of staff about how bad things really were
by: Juliana Benítez
FutureNet's medium-low trust score of 38.7/100 raises concerns about its legitimacy
Pros
Cons
by: Luis Chávez
FutureNet's transition to 2.0 has been ongoing for four months, causing user discontent and insecurity due to delays
by: Bruno Salazar
After signing up, I was assigned to a random team leader, not the person who recruited me
Pros
Cons
by: Laura Paredes
The company is currently going through a change to FutureNet 2.0, which has already been in place for four months and is now also updating the back office. All these changes are for good, but the delay in being 100%...
by: Miguel Acosta
The CEO ran the company into the ground and did jail time for bribery. Morale hit absolute rock bottom before I left the company
by: Carolina Vargas
The company is currently going through a change to FutureNet 2.0, which has already been in place for four months and is now also updating the back office. All these changes are for good, but the delay in being 100%...
by: Francisco Molina
FutureNet's transition to 2.0 has been ongoing for four months, causing user discontent and insecurity due to delays
Pros
Cons
by: Eduardo Navarro
The CEO lied to nearly all levels of staff about how bad things really were
by: Chloe Robinson
They promised easy money... ended up disappearing with millions. Classic pyramid scheme playbook.
by: Alejandro Cárdenas
FutureNet's medium-low trust score of 38.7/100 raises concerns about its legitimacy.
by: Elijah Perez
FutureNet was nothing but a Ponzi wrapped in flashy ads – just another scam preying on people's dreams.
Pros
Cons
by: Henry Rodriguez
I believed in FutureNet because they sold this dream of financial freedom. I convinced friends and family to join too... now we've all lost everything. These scams don't just take your money – they destroy relationships and trust.