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Futurenet Scam Warning: All You Need to Know


In 2014, FutureNet emerged as a fraudulent operation disguised as a multi-level marketing platform offering huge profits via a matrix cycler technology. It entered the cryptocurrency space in 2017 with the introduction of FuturoCoin, which quickly crashed and caused investors to suffer large losses. 

FutureNet, which was founded by Roman Ziemian and Stephan Morgenstern, scammed thousands of people worldwide before the co-founders were subject to legal action and international arrest orders.

Roman Ziemian: A co-founder of FutureNet, was arrested in Italy and fled the scene

Roman Ziemian, a co-founder of the infamous Ponzi scam FutureNet, was detained by Italian police, freed, and then left the nation. This arrest comes in response to a South Korean warrant alleging Ziemian engaged in a multimillion-dollar fraud.

In 2014, Ziemian founded FutureNet with Stephan Morgenstern as a business partner. With the launch of FuturoCoin in 2017, the scheme—which had first been a matrix cycler—turned into a cryptocurrency fraud. 

The currency crashed in 2018 and had an unsuccessful relaunch effort in 2019. 2020 saw the start of the investigation by South Korean authorities into the fraud after complaints from 950 victims who lost 16 million EUR.

Earlier this year, Ziemian and Morgenstern left Poland for Dubai, where they lead opulent lives. Ziemian followed his racing dreams and even became victorious in an Italian Ferrari Challenge event. 

On October 30, 2022, the Italian Guardia di Finanza detained him as soon as possible after this triumph, at South Korea’s request. Ziemian’s quick escape was caused by the Italian authorities’ decision to release him as he awaited extradition. It is now thought that he has returned to Dubai and is sheltering in his $6.4 million residences.

Stephan Morgenstern, meanwhile, met a similar end. After being taken into custody in Greece in October of last year, he was freed awaiting extradition and escaped to Albania. 

In August of 2023, he was once again imprisoned by Albanian police when he was waiting for his wife to arrive at Tirana International Airport. However, in contrast to Ziemian, Morgenstern is still being held in custody and is now awaiting extradition to South Korea.

Although there were victims from Europe who fell prey to the fraud that was perpetrated by FutureNet, no European authority has yet taken any significant action against the co-founders of the firm.

According to reports, the Polish authorities have submitted European arrest warrants for both Ziemian and Morgenstern as part of their ongoing investigation into FutureNet.

As a consequence of this investigation, a total of $4.5 million of the estimated $20.6 million in damages has been recovered. The most recent information indicates that the monies in question have been recovered as a result of this inquiry.

As of right now, Roman Ziemian is considered to be a fugitive, and there is an international arrest order issued for him. Meanwhile, Morgenstern is now awaiting extradition. The case highlights the difficulties associated with the enforcement of financial crimes that occur across international borders and the ease with which accused persons may take advantage of legal loopholes to avoid punishment.

FutureNet MLM Ponzi scam: Important Points

Operations and Background

  1. Start: In 2014, Roman Ziemian and Stephan Morgenstern, co-founders, established FutureNet.
  2. Business Plan: Started as a matrix cycler, a popular multilevel marketing plan in which contributions from recruits assist previous members, it eventually included cryptocurrency when FuturoCoin was introduced in 2017.
  3. Collapse of FuturoCoin: A 2019 relaunch attempt was unsuccessful, and the cryptocurrency crashed in 2018.
  4. Charges: The plan promised unrealistically large investment returns, misleading investors with false information.

Victims and the Financial Effect

  • Thousands of investors, including almost 20,000 in Poland alone, were the victims.
  • Financial damages: The Polish government has recovered $4.5 million of the estimated $20.6 million in damages.

Current Court Cases and Their Results

  • Polish Involvement: At least one arrest has been made in connection with the issuance of European arrest warrants by Polish police.
  • South Korea is working to extradite Ziemian and Morgenstern so they can face prosecution.

Overall Importance

  • The case is illustrative of the issues that are faced in the prosecution of cross-border financial crimes and the difficulties that are encountered in international law enforcement by highlighting the loopholes that exist.
  • A cautionary story concerning the dangers involved with multi-level marketing (MLM) scams, especially those that include bitcoin, FutureNet serves as an example of MLM fraud.


The FutureNet fiasco highlights the serious dangers and difficulties presented by multilevel marketing frauds, especially those employing virtual currency such as Bitcoin.

FutureNet first surfaced in 2014 as a genuine multilevel marketing website that offered significant profits via a matrix cycler model. However, the company eventually exposed its darker side.

Roman Ziemian and Stephan Morgenstern, the scheme’s co-founders, were instrumental. A significant turning point was reached in 2017 with the launch of FuturoCoin, which sparked the cryptocurrency’s rapid decline and caused thousands of investors to suffer significant financial losses.

The catastrophic effects of dishonest investment schemes are brought to light by the demise of FutureNet. Victims came from all over the globe, but particularly from Poland, and the damage to the economy was enormous.

Ziemian and Morgenstern were able to evade punishment for a while by making use of legal loopholes, even in the face of international arrest orders, despite continuing investigations in Poland and South Korea.

After being imprisoned in Italy, Ziemian fled, and Morgenstern did the same after being freed in Greece, highlighting the difficulties in dealing with financial crimes that traverse international borders.

Increased international collaboration and more stringent enforcement are necessary to guarantee that these fraudsters are held accountable and to stop similar scams from happening in the future.

FutureNet is a sobering reminder of the dangers associated with MLM and Bitcoin fraud. Maintaining regulatory control and being vigilant are essential to protecting investors from dishonest business practices.

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