BEIJING – China’s latest crackdown on pyramid schemes was prompted by three shocking deaths: one young man who was beaten, another who was found dead in a pond, a third left to die on a road.

Like elsewhere in the world, the scams have proliferated in China as fraudsters trick people into thinking they can become rich quickly. Members are charged a joining fee and required to recruit new investors with promises of high returns.

Source:: Asia

LEAVE A REPLY