Montenegro Arrests Co-Founder of Crypto Fraud Scheme FutureNet for $21M Scam
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Montenegrin authorities have apprehended Roman Ziemian, co-founder of the alleged crypto fraud scheme FutureNet, which is accused of defrauding investors of approximately $21 million.
The arrest was made in the capital city of Podgorica, where Ziemian was reportedly living under a false identity, according to a statement released by the Police Directorate.
Ziemian is wanted by both South Korean and Polish authorities on charges of fraud, money laundering, and theft.
The South Korean government has indicated that Ziemian could face a life sentence if convicted.
Following his arrest, Montenegrin police seized several items and devices believed to be linked to his alleged criminal activities.
Ziemian is scheduled to appear before a judge at Podgorica’s High Court to determine whether he will be extradited.
FutureNet, the company Ziemian co-founded with Stephan Morgenstern in 2018, promoted itself as a multilevel marketing platform with an associated cryptocurrency, FuturoCoin (FTO).
However, the token has since plummeted in value, reflecting the fraudulent nature of the enterprise.
Polish national Roman Zimian, who is an alleged co-founder of crypto Ponzi scheme Futurenet, was originally arrested in Italy in 2022 but escaped while under house arrest.
Police in Montenegro announced his recapture on Sunday, detailing how the accused crypto scammer was…
In March 2019, Poland’s Office of Competition and Consumer Protection (UOKiK) issued a warning about FutureNet, labeling it as a potential pyramid scheme.
The organization had been selling
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