Home / China / Local News Tools: Save | Print | E-mail | Most Read | Comment
3 arrested for pyramid scheme
Adjust font size:  ZoomIn ZoomOut

Three members of a gang behind an online pyramid scheme in Liaoning province that swindled people out of 248 million yuan ($36 million) were arrested in March, Shenyang police said on Monday.

Li Wei, the group's leader from the Guangxi Zhuang autonomous region, and his associates Qiu Ming and Lin Sen are now in custody and police have recovered 20 million yuan, the Shenyang Evening News reported yesterday.

Over the past year, the gang succeeded in duping almost 10,000 people from 30 cities across China into investing in a pyramid scheme based on the concept of promoting AIDS awareness, the report said.

Li admitted to setting up the front for the scam - an online firm named ECP - in June of last year, it said.

The spurious company, which was registered in the United States, claimed to have received $10 million in funding from the United Nations to develop its AIDS-prevention medicine.

Gullible investors were asked to pay a subscription fee to join the "Global Fund to Fight AIDS" for which they would receive supplies of the drug, the newspaper said without specifying the amount.

After signing up for the scheme, people were told they could make a return on their initial outlay by convincing others to follow suit.

Li was arrested in a hotel room in Shenyang in March after being found with a fake identity card. Further investigation found he had large sums of money and police suspected he could be behind the pyramid scheme.

Pyramid schemes are illegal in China and several other countries.

Earlier this year, Gao Feng, deputy director of the economic crimes department of the Ministry of Public Security, said public security officers would continue to fight this "economic evil".

"Pyramid selling has been rampant in recent years, so we will target groups operating under the guise of direct and online selling," he said.

Last year, a one-month campaign against pyramid scams led to the arrest of 3,300 people, figures from the ministry show.

(China Daily July 30, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Celebrity embroiled in 1.3b yuan pyramid scam
- Illegal fake fund found out
Most Viewed >>
- Tourists swarm into 'Chinese Dead Sea'
- China's 1st protected area on South Pole
- Foreign student quota to expand
- Sauna users told to reveal identities
- Yuanmingyuan to open core section to public
主站蜘蛛池模板: 国产精品区一区二区三| 精品国产v无码大片在线观看| 成人精品一区二区户外勾搭野战| 亚洲av熟妇高潮30p| 美女黄色免费网站| 国产成人一区二区三区电影网站| 一本大道东京热无码一区| 欧美jizz18性欧美年轻| 亚洲精品白色在线发布| 草草影院ccyy国产日本欧美| 国产成熟女人性满足视频| 2021国产精品久久| 在线观看国产精品麻豆| www天堂在线| 日韩免费视频一区| 人人狠狠综合久久亚洲| 青娱乐手机在线视频| 在线成人播放毛片| 久久久久久人妻一区精品| 欧美日韩电影网| 午夜精品福利在线观看| 中文字幕色网站| 国产自产视频在线观看香蕉| 中文字幕亚洲综合久久菠萝蜜| 欧美一区二区在线观看免费网站| 免费高清在线影片一区| 黑人性受xxxx黑人xyx性爽| 在线视频亚洲一区| 久久久www免费人成精品| 日韩精品中文字幕视频一区 | www.99re.| 日韩午夜在线观看| 乱色美www女麻豆| 模特侨依琳大尺度流出| 亚洲gv白嫩小受在线观看| 欧美乱人伦中文在线观看不卡 | 色一情一乱一伦一视频免费看| 国产一级毛片视频在线!| 2018天天干天天射| 宝贝过来趴好张开腿让我看看| 久久精品国产精品|