Metaverse ruse Dubai crypto Ponzi


Future Multiverse fails to supply possession or govt info on its web site.

Future Multiverse’s web site area (“futuremultiverse.com”), was privately registered on December thirty first, 2023.

Whereas a lot of the hyperlinks of Future Multiverse’s web site are non-functional, we did discover one working hyperlink to a “guidebook” hosted on GitHub.

Right here we’re supplied an inventory of the folks behind Future Multiverse:

  • Founder and Govt Chairman – Simon Voelk (aka Simon Volk)
  • Co-founder and COO – Stefanie Xu
  • Consultant Chairman – Farzam Kamalabadi
  • Chief Compliance Officer – Jeff Smith
  • Chief Gross sales Officer and Advisory – Helmut Oehrl
  • Chief Communications Officer – Stefan Breitzke

Simon Volk seems to be from Germany however, as per his LinkedIn profile, resides in Singapore.

No thought what Life Options was however FutureX is a collapsed crypto Ponzi constructed round FXTE token.

Of word is Future Multiverse’s Stephanie Xu additionally working with Volk on FutureX:

The one different identify price noting on Future Multivere’s govt listing in Farzam Kamalabadi.

Kamalabadi popped up on BehindMLM’s radar by his involvement in Sam lee’ StableDAO Ponzi scheme.

As per the above advertising and marketing slide, Kamalabadi was a StableDAO non-executive Chairman. Kamalabadi additionally made common appearances in StableDAO advertising and marketing movies:

StableDAO was a continuation of the MLM crypto fraud Lee began with HyperTech Group and HyperCapital. The most important HyperTech Ponzi was HyperFund, which collapsed in December 2021.

Kamalabadi’s involvement in StableDAO was tied to his part-ownership of the HOO crypto trade, by which HyperTech investor funds are believed to have been laundered.

HOO disabled investor withdrawals in June 2022, roughly six months after HyperFund collapsed. One other six months later HOO collapsed.

HyperTech investor funds stolen by HOO stay unaccounted for.

Sam Lee was indicted and charged by the SEC in January 2024. At time of publication Lee stays a needed fugitive hiding in Dubai.

Kamalabadi’s involvement in Future Multiverse seems to be by his firm Future Traits Group.

We’re related to the Future Traits Group, led by Dr. Farzam Kamalabadi, by which a worldwide community with round 400 million contacts is immediately and not directly related to the Future Multiverse.

Kamalabadi’s LinkedIn profile locations him in California. Kamlabadi’s Twitter profile lists his location as Beijing, China.

On its GitHub guidebook, Future Multiverse claims it’s run by “a Dubai-based company ecosystem”.

Because of the proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.

BehindMLM’s pointers for Dubai are:

  1. If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
  2. If an MLM firm is predicated out of or represents it has ties to Dubai, it’s a rip-off.

If you wish to know particularly how this is applicable to Future Multiverse, learn on for a full assessment.

Future Multiverse’s Merchandise

Future Multiverse has no retailable services or products.

Associates are solely in a position to market Future Multiverse affiliate membership itself.

Future Multiverse’s Compensation Plan

Future Multiverse associates make investments $200 to $500,000:

  • Newbie Bundle – $250
  • Beginner Bundle – $500
  • Starter Bundle – $1250
  • Explorer Bundle – $2500
  • Adventurer Bundle – $5000
  • Pioneer Bundle – $10,000
  • Builder S Bundle – $25,000
  • Builder M Bundle – $50,000
  • Builder L Bundle – $125,000
  • Builder XL Bundle – $250,000
  • Creator Bundle – $500,000
  • Tremendous Creator Bundle – $1,000,000
  • Ambassador Bundle – $2,500,000
  • Accomplice Bundle – $5,000,000
  • Senior Accomplice Bundle – $10,000,000

That is finished on the promise of marketed every day passive returns.

Explorer Bundle tier buyers obtain $8.35 a day. Day by day returns for the Advertising and marketing Adventurer and better funding tiers are usually not disclosed.

Extra passive returns is likely to be out there by undisclosed “fee swimming pools” and NFT funding.

From Future Multiverse’s Guidebook;

Company Rank NFT – Holding this NFT permits you to obtain a share of the platform’s income.

Maintain a advertising and marketing bundle to obtain a share of the platform’s fee pool.

Referral Commissions

Future Multiverse hides compensation particulars from shoppers.

From Future Multiverse’s Guidebook nevertheless, we’re in a position to verify MLM:

Every advertising and marketing bundle comprises a particular affiliate hyperlink by which customers can earn commissions by selling Future Multiverse packages and providers.

Specifically, the Advertising and marketing Packages are geared toward people who wish to earn commissions by community advertising and marketing.

The one particular referral commissions cited is eighteen% on recruitment of Makreting Adventurer Bundle tier buyers.

Taken as is, the above suggests Future Multiverse makes use of a unilevel compensation construction.

Enterprise Pool

Future Multiverse takes 7% of company-wide charges charged and locations the funds right into a Enterprise Pool.

The Enterprise Pool is shared amongst Advertising and marketing Builder M Bundle buyers.

Staking Funding Scheme

Future Multiverse associates put money into FXTE tokens (generally known as FXPO tokens).

  • Newbie Bundle tier buyers can put money into as much as 50 FXTE tokens
  • Beginner Bundle tier buyers can put money into as much as 100 FXTE tokens
  • Starter Bundle tier buyers can put money into as much as 200 FXTE tokens
  • Explorer Bundle tier buyers can put money into as much as 500 FXTE tokens
  • Adventurer Bundle tier buyers can put money into as much as 1000 FXTE tokens
  • Pioneer Bundle tier buyers can put money into as much as 2000 FXTE tokens
  • Builder S Bundle tier buyers can put money into as much as 5000 FXTE tokens
  • Builder M Bundle tier buyers can put money into as much as  10,000 FXTE tokens
  • Builder L Bundle tier buyers can put money into as much as 20,000 FXTE tokens
  • Builder XL Bundle tier buyers can put money into as much as 50,000 FXTE tokens
  • Creator Bundle tier buyers can put money into as much as 100,000 FXTE tokens
  • Tremendous Creator Bundle tier buyers can put money into as much as 200,000 FXTE tokens
  • Ambassador Bundle tier buyers can put money into as much as 500,000 FXTE tokens
  • Accomplice Bundle tier buyers can put money into as much as 1,000,000 FXTE tokens
  • Senior Accomplice Bundle tier buyers can put money into as much as 2,000,000 FXTE tokens

As soon as invested in, FXTE tokens are parked with Future Multiverse on the promise of an undisclosed passive return.

Passive revenue by staking the coin after it has been mined underneath the bought land.

Returns are paid in FXTE, which should be transformed to precise cash by Future Multiverse.

Becoming a member of Future Multiverse

Future Multiverse affiliate membership is tied to a $250 to $10,000,000 funding.

From Future Multiverse’s GuideBook;

Along with the Euro, Greenback, USD and different world currencies, there may also be the choice to make use of BTC, USDT, Bitcoin and different cryptocurrencies.

Future Multiverse Conclusion

Future Multiverse is a continuation of the fraud Simon Volk and Stephanie Xu began with FutureX.

FutureX’s FXTE tokens have been carried over, with the fraudulent funding scheme given a brand new “metaverse” coat of paint.

Metaverse advertising and marketing ruses turned a factor after FaceBook revealed growth plans in 2021. Within the crypto rip-off advertising and marketing ruse timeline, metaverses got here after NFTs and have been preceded by AI.

What’s key right here, earlier than we even get into Future Multiverse, is that FutureX FXTE bagholders are the inspiration of the corporate. That places anybody who invests into Future Multiverse at an instantaneous drawback.

As for FXTE, so far as I can inform it’s a easy ERC-20 token. These may be created in a couple of minutes at little to no value.

Particular to Future Multiverse we’ve a pyramid scheme compensation plan hooked up to 2 main unregistered funding schemes:

  1. the metaverse land funding scheme; and
  2. the FXTE staking scheme (carried over from FutureX).

Future Multiverse’s metaverse funding scheme is tied into baloney about investing in digital land and renting out.

The FXTE staking scheme sees associates put money into FXTE, park the tokens with Future Multiverse on the promise of a passive return, and hope to money out subsequently invested funds.

Each of Future Multiverse’s funding schemes represent securities choices.

On the regulatory entrance, Future Multiverse fails to supply proof it has registered its two main securities choices in any jurisdictions.

Future Multiverse makes an attempt to sort out its regulatory non-compliance in its GitHub guidebook however, nicely… right here’s how that went;

As a substitute of addressing its regulatory shortcomings, which represent securities fraud, Future Multiverse is sending out authorized threats.

After researching and documenting Fazam Kamalabadi’s “fraud, courtroom instances and shady offers”, Danny DeHek acquired a stop and desist from the scheme’s Dubai shell firm.

Appears to be like like Future Multiverse L.L.C.-FZ doesn’t like being uncovered. They’ve despatched me a stop and desist letter by their authorized crew, making an attempt to intimidate me into silence.

On February 8, 2025, I acquired an e mail from Jeffrey Smith, Managing Lawyer at LawVisory PLLC, representing Future Multiverse L.L.C.-FZ. The letter accuses me of defamation, claiming I’ve made false accusations, deceptive statements, and unfounded allegations about their firm.

Their calls for:

  • Cease speaking about Future Multiverse
  • Delete my movies, weblog posts, and different content material
  • Publicly retract my statements
  • Promise by no means to discuss them once more

And if I don’t comply, they threaten authorized motion for damages and defamation.

This isn’t the primary time an organization going through scrutiny has tried to silence criticism with authorized threats. However right here’s the issue—every little thing I’ve reported is backed by verifiable proof.

Whereas I can’t converse to Kamalabadi’s previous previous to his involvement in Sam Lee’s HyperTech Ponzi schemes (it falls exterior the scope of this assessment so I haven’t personally regarded into it), I can attest to his repeated involvement in fraudulent MLM crypto funding schemes – the newest of which is Future Multiverse.

Because it stands the one verifiable income getting into Future Multiverse is new funding.

Utilizing new funding to pay ROI withdrawals would make Future Multiverse a Ponzi scheme.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

This may starve Future Multiverse of ROI income, ultimately prompting a collapse.

The maths behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.