According to an article in – GoKunming- Southwest China’s largest and best English-language website – dozens of Pyramid leaders have been arrested.
The article:
“The headlines have been loud and slightly hysterical recently. The cover story of popular magazine Caixin features the gaping jaws of a great white and the words “Man Eaters” .
It turns out this sort of hyperbole is not about imminent shark attacks, but instead concerns the predatory pyramid schemes — sweeping across the country and bilking millions out of their hard-earned money.
Beijing recently stepped in after police uncovered scam after scam in nearly every corner of the country.
Marshaling the combined bureaucratic power of the ministries of Labor, Education, Commerce and Public Security, the ‘National Crackdown on Multi-Level Marketing Schemes’ is effective now and runs until November 15.
Pyramid schemes designed to defraud or swindle people out of money have been against the law in China since the 1990s. They were officially criminalized following the discovery of a string of large-scale operations in 2009. Since then, similar news stories sporadically appeared and then public interest would quickly ebb.
China arrest dozens of Pyramid ring leaders
However, over the past several weeks, four deaths circumstantially linked to separate MLMs operating in Tianjin and