FutureNet scam warning issued in Poland, prosecutors investigating
Poland’s Office of Competition and Consumer Protection (UOKiK), has issued a pyramid scheme warning for FutureNet and associated companies.
According to UOKiK, FutureNet and the shell companies it operates “may be pyramids”.
Based on their respective business models, FutureNet and FutureAdPro are confirmed Ponzi/pyramid hybrid schemes.
On the suspicion that FutureNet and its associated companies are scams, UOKiK issued a consumer warning on March 22nd.
Two shell companies tied to FutureNet have have been targeted by prosecutors in Warsaw; BCU Trading and FutureNet Ukraine.
BCU Trading is purportedly based out Dubai. As per Terms and Conditions provided on the FutureNet website;
The Administrator and Service Provider of the Website is B C U Trading LLC, Abdulla Al Fahed – 4, Office No. 210, Al Qusais second, 96032 Dubai, United Arab Emirates, registered under the number 781873.
With little to no active regulation, Dubai has emerged as a favorite destination for MLM scammers to set up shop.
FutureNet Ukraine operates locally out of Lviv. Both companies are the subject of criminal proceedings in Poland and an ongoing wider investigation into FutureNet.
Polish authorities first sounded the alarm on FutureNet back in early 2017. UOKiK is believed to have been investigating the scheme since around December that year.
At least up until early 2019, both of FutureNet’s founders, Roman Ziemian and Stephan Morgenstern, are believed to be based out of Poland.
For reasons that remain unclear, Polish authorities have not moved to detain either individual.