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He is wanted all over the world, as South Korea accuses him of running a cryptocurrency scam through which he managed to steal 28 million euros from South Korean citizens.
It is about the German citizen Stephen Morgenstern, who on his personal website of the same name advertises himself as a successful businessman from Germany, and posts articles about the development of cryptocurrencies.
But what stands out is that the last article posted on his site dates back to 2021, apparently after Morgenstern ran the scam through the digital company FutureNet and smelled trouble with the North Korean authorities.
Stephen Morgenstern was arrested this summer in Greece, but apparently the Greek authorities thought it was a good idea to let him go free while he awaited extradition. Morgenstern used this opportunity to escape from Greece to Albania. As soon as he set foot on Albanian soil, the "red light" of the internationally wanted person was turned on at Rinas airport. Immediately the police forces of "FAST" put him in handcuffs, while Morgenstern did not delay in agreeing one of the best lawyers in Albania, Max Haxhina, to face his legal troubles.
The 61-year-old Morgenstern had gone to Rinas to meet his wife who was coming from Dubai, a country where it appears that he has a luxury car shop. But not only that, he had thought about his wife by buying her a luxurious villa on the outskirts of Tirana.
The fact that Morgenstern, in such a short time staying in Tirana, has been so well-informed to contact the right people and to invest in the most coveted areas of the capital, raises strong doubts that he has had people close to him who have best oriented. After all, our country is no less known for cryptocurrency thefts, which are even rumored to reach a staggering $2 billion in some cases.
But just like in Greece, the days in the cell for the German "businessman" did not last long in Albania either. He asked for freedom with a guarantee of 20 million old leks, but the Tirana Court decided against it.
"FutureNet" turned out to be a "Ponzi" pyramid scheme, but Morgenstern was not alone in this fraud, he collaborated with the citizen Anna Piatkoëska-Chmiel and the Polish citizen Roman Ziemian. They have opened a series of shell companies in the Marshall Islands, in tax havens, hiding hundreds of millions more.
FutureAdPro and FuturoCoin are digital byproducts of FutureNet Inc, the parent company suspected of extorting millions of euros. In fact, international authorities say they have seized a fortune of 123 million euros from Stephen Morgenstern, which is believed to be only 1/3 of the entire fortune established through digital ad and cryptocurrency fraud.
Below are some of Morgenstern's digital assets and products:
FutureNet v2 – social network
FutureAdPro v2 – online advertising platform
FutureoCoin Mining – is a concept of FuturoCoin earnings from cryptocurrency mining
Futurenet Shopping – allows you to choose the cheapest items from platforms such as Amazon, Ebay, Apple, …
FutureNet Cafe and Restaurant – in Warsaw and Krakow, Poland, Kiev, Ukraine
FutureNet Academy – which teaches network marketing techniques
BannersApp – will be a mobile only app where users click on ads
FutureNet Sports – was a sponsoring entity for minor sports around the world
FutureNet Foundation – raised funds to help people with disabilities and the development of technology projects
FutureNet Travel – is a travel agency that used to make money from travel
FutureNet Trader – is a trading platform for buying and selling all existing cryptocurrencies, or, at least, the most famous ones.
PayVoo – is a credit/debit card platform that bypasses banks, the banking system and eliminates/reduces all bank charges/fees.
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