What took them so long?! And I thought Malaysia has slow idiots running KPDNHEP.
Anyway, the modus operandi is typical, and I’m very happy that scammers like these are being choked of their potentially largest victim supply:
Authorities in Tai’an city, in the eastern Shandong province, uncovered the scheme named “Swiss Mutual Fund” in May, which was found to be illegal after investigation, xinhua said.
“It required each investor to pay 8,000 yuan ($1,052) and promised to pay back 400,000 yuan ($52,000) in 30 months”, the report said.
Two men have been charged for the scheme.
The uncovered scheme in Tai’an is just part of China’s campaign against pyramid selling from July 16 to August 15 this year, xinhua said.
Personally, I think that direct selling (both MLM and SLM) should be more tightly controlled. There’s way too much lying and scamming going on in this area.