FutureNet Ponzi co-founder Stephan Morgenstern has opened up a luxury car garage in Dubai.
FutureNet @ BehindMLM
The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny [Continue reading…]
FuturoCoin markets itself as “the most innovative cryptocurrency”. In reality FuturoCoin was nothing more than a Ponzi exit-scam for FutureNet’s owners and top investors. Having milked their current crop of gullible investors dry, FutureNet are now hoping to reboot their failed cryptocurrency.
VKI, Austria’s top consumer protection organization, has issued a warning against participation in FutureNet. According to VKI, FutureNet has the characteristics of a Ponzi/pyramid hybrid scheme.
Poland’s Office of Competition and Consumer Protection (UOKiK), has issued a pyramid scheme warning for FutureNet and associated companies.
The latest attempt by an MLM scam to legitimize itself via association, will see FutureNet sponsor an F1 team for two years. Aston Martin Red Bull don’t seem to mind that sponsorship funds they’ll be receiving are proceeds of a global Ponzi scheme.
FutureAdPro is going through its second collapse, with affiliate ROI payments slashed by up to 60%. Referral commissions on invested amounts have also been further manipulated to reward only FutureAdPro’s top recruiters.
Banners App provides no information on their website about who owns or runs the business. The Banners App website domain (“bannersapp.com”) was registered on July 3rd, 2018. Rafal Szymanski is listed as the owner, through an address in Lviv, Ukraine. On Facebook Szymanski (right) credits himself as co-founder and CEO of Banners App. He is also [Continue reading…]
To be fair, FutureNet’s FutureAdPro survived the typical two-year collapse window of most MLM Ponzi schemes. When you’re paying out more than you’re taking in though ($50 in, $60 out), things are eventually going to fall apart. And for FutureAdPro, following several announcements, that appears to be now.
Poland’s Office of Competition and Consumer Protection, more commonly known as UOKiK, has issued scam warnings against OneCoin (OneLife), NetLeaders (DasCoin), FutureNet (FutureAdPro), Questra World (Atlantic Global Asset Management) and Lyoness. The December 18th warning, published by UOKiK President Marek Niechciala, appears to be an end-of-year recap of regulatory actions taken by the watchdog.