Tag Archives: Online Pyramid

Chinese police have cracked down on an online pyramid scheme involving 10.2 billion yuan ($1.5bn) and over 220,000 investors, local authorities said Wednesday. Police in Meishan City, southwest China’s Sichuan Province, caught 82 suspects, who established hundreds of shell companies and 28 fake industrial chains in the fields of construction materials, agriculture, mining, and media to woo investors with the promise of high returns. …

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