Network MarketingFutureNet co-founder Stephan Morgenstern arrested in Greece

FutureNet co-founder Stephan Morgenstern arrested in Greece


FutureNet Ponzi co-founder Stephan Morgenstern has been arrested in Greece.

Morgenstern’s arrest was a part of a joint operation that passed off on October twenty sixth.

Each Morgenstern and Ziemian have been arrested on worldwide arrest warrants issued by South Kore

As reported by Khan (auto-translated from Korean);

On account of the protection of the Kyunghyang Shinmun on the fifteenth, Interpol arrested A (49), a Pole, in Italy, and Mr. B (61), a German, in Greece, who’re suspected of participating in stealing 40.7 billion gained from about 2,100 Koreans by way of multi-level monetary fraud.

“Mr.B” refers to Stephan Morgenstern.

E-Thessalia stories that Morgenstern was apprehended making an attempt to board a flight from Greece to Dubai.

Ziemian was arrested in Italy following a race win at an area Ferrrari occasion.

Previously Polish residents, Morgenstern (a German nationwide) and Ziemian (a Polish nationwide), fled to Dubai to keep away from prosecution.

Dubai’s authorities are unlikely to have assisted South Korean authorities with apprehending Morgenstern and Ziemian.

Because of a scarcity of extradition treaties and non-regulation of MLM associated securities fraud, Dubai is a criminal offense haven for MLM scammers.

Following complaints from round 950 victims, South Korean authorities started investigating FutureNet in 2020.

FutureNet losses in Korea have been pegged at round 16 million euros. South Korean authorities declare to have or be within the means of freezing Ziemian’s and Morgenstern’s ill-gotten positive aspects.

Each suspects are anticipated to be extradited to South Korea in some unspecified time in the future, the place they’ve been formally charged with “aggravated fraud, cash laundering and high-tech prison affiliation.”


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