Poland’s Workplace of Competitors and Shopper Safety (UOKiK), has issued a pyramid scheme warning for FutureNet and related firms.
In keeping with UOKiK, FutureNet and the shell firms it operates “could also be pyramids”.
BehindMLM has independently reviewed FutureNet, FutureAdPro and Banners App.
Based mostly on their respective enterprise fashions, FutureNet and FutureAdPro are confirmed Ponzi/pyramid hybrid schemes.
Banners App was launched to pump FuturoCoin, a shitcoin launched by FutureNet as a part of their eventual exit technique.
On the suspicion that FutureNet and its related firms are scams, UOKiK issued a client warning on March twenty second.
Two shell firms tied to FutureNet have have been focused by prosecutors in Warsaw; BCU Buying and selling and FutureNet Ukraine.
BCU Buying and selling is purportedly based mostly out Dubai. As per Phrases and Situations supplied on the FutureNet web site;
The Administrator and Service Supplier of the Web site is B C U Buying and selling LLC, Abdulla Al Fahed – 4, Workplace No. 210, Al Qusais second, 96032 Dubai, United Arab Emirates, registered beneath the quantity 781873.
With little to no energetic regulation, Dubai has emerged as a favourite vacation spot for MLM scammers to arrange store.
FutureNet Ukraine operates regionally out of Lviv. Each firms are the topic of felony proceedings in Poland and an ongoing wider investigation into FutureNet.
Polish authorities first sounded the alarm on FutureNet again in early 2017. UOKiK is believed to have been investigating the scheme since round December that 12 months.
Not less than up till early 2019, each of FutureNet’s founders, Roman Ziemian and Stephan Morgenstern, are believed to be based mostly out of Poland.
For causes that stay unclear, Polish authorities haven’t moved to detain both particular person.
Replace sixth October 2023 – 4 years after they started investigating, Polish authorities have made one FutureNet associated arrest.
European arrest warrants have been issued for Stephan Morgenstern and Roman Ziemian.