FutureNet Ponzi co-founder Stephan Morgenstern has opened up a luxurious automobile storage in Dubai.
Merely dubbed “The House”, Morgenstern’s new enterprise is billed as
the world’s first unique, ingenious, and one-of-a-kind house for top-of-the-line luxurious cars.
The House is out there for lease to host
enterprise occasions, fundraisers, dinner galas, style exhibits, grand openings, conferences, and personal events.
The House represents “the buyers’ excellent hard-won accomplishment in reaching the highest”.
So the advertising and marketing goes…
Many athletes and VIPs will name THE SPACE sports-centre house.
The House can be “the place desires come true”.
Sadly these desires are constructed on tens of millions in Ponzi sufferer losses.
Morgenstern launched FutureNet in 2014 with Roman Ziemian.
FutureNet’s authentic mannequin was a easy six-tier cycler Ponzi.
In 2016 FutureNet added FutureAdPro, a revshare Ponzi. Cryptocurrency fraud adopted in 2017.
By late 2018 FutureNet was in decline. Over the subsequent yr or so it collapsed and in the present day not exists.
How a lot Morgenstern and Ziemian stole from FutureNet victims is unclear.
In June 2020 authorities in South Korea launched an investigation after receiving complaints from 950 FutureNet buyers.
Authorities alleged FutureNet victims in South Korea collectively misplaced $16.1 million. South Korea was simply one of many international locations FutureNet was promoted in.
Polish authorities introduced a prison investigation into FutureNet in early 2019. This evidently prompted Morgenstern to flee Poland for Dubai.
Dubai is the MLM rip-off capital of the world. The emirate presents scammers like Morgenstern a safe-haven, resulting from restricted extradition treaties and non-regulation of MLM associated securities fraud.
Morgenstern popping up prompted me to go in search of an replace on Ziemian.
He seems to be spending his FutureNet cash on a mid-life disaster Ferrari fantasy:
Ziemian can be believed to have fled to Dubai.