Roman Kazimierz Ziemian, co-founder of the FutureNet Ponzi scheme, has been arrested for a second time.
Authorities in Montenegro announced Ziemian’s arrest on August 18th.
NCB Interpol Podgorica officers arrested Zimian on August 17 in the Master Quarter, a newly built residential block in Podgorica, where he was hiding under a false identity.
After his identity was confirmed with foreign partners, searches were carried out at the location where the arrested person was staying.
Ziemian (right) was wanted on international arrest warrants issued by South Korea and Poland.
It is unclear which country Montenegro will extradite Ziemian to. Local media is
drawing comparisons
between Ziemian and Terra’s Do Kwon.
In Podgorica, in March 2023, Do Kwon, who is also suspected of international crypto fraud, was arrested at the Podgorica airport.
He is wanted by the United States and South Korea.
The extradition procedure lasts more than a year. Courts in Montenegro have so far ruled seven times conflictingly on the requests of two states for extradition.
The backstory behind Zieman’s arrest pertains to his co-founding of FutureNet, a collapsed MLM crypto Ponzi scheme.
Roman Zieman and Stephan Morgenstern
co-founded FutureNet in 2014
, the original Ponzi model was a simple six-tier matrix cycler
following multiple collapses, the last known FutureNet Ponzi reboot was
FuturoCoin
in 2019
Roman Ziemian is arrested in Italy in November 2022 on an arrest warrant issued by South Korean authorities
later in November 2022 Stephan Morgenstern is
arrested in Greece on the same criminal charges
in September 2023 Stephan Morgenstern is
rearrested in Albania
after fleeing Greece whilst out on bail
in October 2023 Roman Ziemian was
confirmed to have fled Italy
whilst out on bail
Stephan Morgenstern was
approved for extradition to South Korea
in March 2024
Ziemian is thought to have fled back to Dubai, after which it appears he relocated to Montenegro on false identity papers.
[Ziemian] is suspected of criminal acts of economic crime, namely, a serious pattern of fraud on a larger scale, money laundering, theft and violation of the law, for which the sentence of life imprisonment is prescribed in South Korea.
Through FutureNet, South Korean authorities have accused Ziemian and Morgenstern of stealing over 160 billion South Korean won (~$117 million USD).
At a hearing held after Ziemian’s arrest, lawyers
argued
Ziemian couldn’t have defrauded South Koreans because he’s “never been to South Korea”.
Ziemian’s lawyers don’t appear to have addressed why Ziemian was in Montenegro on false identity papers.
While living illegally in Montenegro, Ziemian
abused US copyright law
to suppress BehindMLM’s reporting on his fraudulent conduct.
Following a High Court hearing, Ziemian has been remanded to custody pending the outcome of extradition proceedings. Ziemian has appealed the decision.
Hopefully this time Ziemian’s arrest sticks and Montenegro
🤖 Quick Answer
Who is Roman Ziemian and why was he arrested in Montenegro?Roman Kazimierz Ziemian is the co-founder of the FutureNet Ponzi scheme. He was arrested on August 17, 2023, by NCB Interpol Podgorica officers in the Master Quarter residential block in Podgorica, Montenegro, where he was hiding under a false identity. He was wanted on international arrest warrants issued by South Korea and Poland.
What is FutureNet and why is it considered a Ponzi scheme?
FutureNet is a fraudulent investment platform co-founded by Roman Ziemian. Authorities in multiple countries classified it as a Ponzi scheme due to its structure of using new investors' funds to pay returns to earlier participants rather than generating legitimate revenue, leading to international criminal investigations.
**Which countries issued international arrest warrants for Roman Zi
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