FutureNet consumer protection warning issued in Austria
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.
VKI’s warning pertains to investment in FutureAdPro, FutureNet’s adpack Ponzi scheme.
Following multiple collapses, last we heard FutureNet was slashing returns in a desperate bid to stay afloat.
VKI additionally note:
- FutureNet has no physical presence, making contacting the company difficult;
- FutureNet’s website is registered in the Marshall Islands, while FutureNet itself claims to be based out of also Dubai;
- an increase in angry FutureNet affiliates reporting non-payment or backoffice deletion of funds; and
- FutureNet removing any complaints posted to their social media pages “immediately”.
VKI warns Austrian consumers:
Do not register on futurenet.club.
Do not invest money in the company because there are many inconsistencies.
The company is suspected of being a punishable pyramid scheme, with only the operators and a few participants earning at the expense of everyone else.
Poland’s FutureNet scam warning issued a few months ago is also cited.
Who would have thought that? Joking of course as this was just a matter of time as the Steinkellers Brothers are from Austria.
Where they were involved the last 5 years has always come out as a ponzi scam from Conligus to Onecoin to now this one.
But it shows once more that when you don’t act against scammers with jailtime, they keep moving around from one to the next rip-off.
I believe they’re from Tirol (Tyrol?), Italy (anyone please correct me if I’m wrong).
TimTayshun – correct, the Steinkellers are from South Tyrol, an Italian province with predominantly German speaking population.
How many idiots will travel to Villach in Austria on June 29 and hear the lies of Stephan Morgenstern?
share-your-photo.com/0ff964aaf9
Capital of Tirol is Insbruck in Austria, although some parts of Tirol go into Italy.
en.wikipedia.org/wiki/Tyrol_(state)
They might be Italian nationality that could be the case.
Futurenet’s global marketing director Hugh-Paul Ward outed as a careerist pyramid and ponzi scammer:
realscam.com/f11/futurenets-hugh-paul-ward-businessman-pyramid-ponzi-scammer-5409/#post127257
Why is this punk not in prison?