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.