Final October FutureNet Ponzi co-founder Stephan Morgenstern was arrested in Greece.
South Korean authorities had obtained a global arrest warrant, pertaining to Morgenstern defrauding shoppers by means of FutureNet.
Regardless of Morgenstern being charged with stealing over $30 million, Greek authorities thought it’d be a good suggestion to launch him pending extradition.
Morgenstern promptly fled to neighboring Albania, the place he was re-arrested final month.
Morgenstern, a sixty-one yr previous German nationwide, was arrested by Albanian authorities on or round August twenty first.
He was nabbed at Tirana Worldwide Airport, ready for his spouse to reach on a flight from Dubai. ABC Information Albania experiences that since fleeing Greece, Morgenstern had bought a “villa on the outskirts of Tirana”.
Following Morgenstern’s second arrest, he utilized for bail on a $20,000 secured bond.
Fortunately the Albanian courtroom rejected Morgenstern’s phrases. He stays in custody, presumably on observe to be extradited to South Korea once more.
Morgenstern’s companion in crime Roman Ziemian was arrested in Italy on the identical South Korean prison expenses final October.
Ziemian’s present standing is unclear.
Regardless of defrauding shoppers out of hundreds of thousands of {dollars} by means of FutureNet, a lot of whom have been European residents, no European authority has taken motion in opposition to Morgenstern or Ziemian.