Virtual money MLM MFC
CCTV has just exposed a list of currencies suspected of pyramid selling and fraud, as well as more than 1000 digital currencies that had been declared dead
The 60 kinds of pyramid selling virtual currencies broadcast by CCTV news include MBI, m3, Diablo, Asian currency, star currency, Jinyuan shopping alliance e-currency, Changjiang international virtual currency, qileba, micro TV media e-currency, bonus point currency, virtual gold coin, HGC, COA, LFG, Sri, bismall, ahkcap, CPF, Yifen, K currency, R currency, Baichuan currency, K Bao, Zhongfu Tongbao, Hongtong currency, etc Raines e-money
Global BlackRock No.1, Glasberg, BCI, m, wing, EV, performance, FIS, u, ES, zangbao performance, huiai e-money, jianyipan e-money, subsidy, hftag, Kaixin compound interest, kuailinian virtual currency, Shihua currency, ente currency, CPM, Kara currency and supreme currency
there are at least 65 kinds of "virtual currency" with different names, such as Wuhua union virtual currency, Meisheng e, Zhonghua currency, Mimi virtual currency, FIS, world Yunlian cloud currency, Liwu currency, Vicat currency, mark currency, Shanxin currency, Wuji currency, ATC, IPC, central currency, Wuxing currency, huiai currency and nautical currency
in the 141 cases of virtual currency pyramid selling found on China's judicial documents, the number of such criminal cases is increasing year by year. In 2014, the court ruled 5 cases, and then increased by multiple, to 62 cases in 2017. According to the judgment documents, among the above-mentioned virtual currency pyramid schemes, "Vicat" has the highest amount of money involved, with a total of 7 billion, and its global membership number is 10770000, with the largest number
in terms of the development scale of MLM organizations in China, "cloud coin" (also known as world UnionPay and world cloud Alliance Network MLM platform) has the largest number of MLM organizations (4391449); Second, the "dark money" pyramid marketing organization has developed more than 3.4 million members
source of reference: phoenix.com - virtual money pyramid scheme: 65 kinds of pyramid schemes cheat 10 million people, over 10 billion
MFC has been identified as MLM by the Chinese police and the New Zealand monetary authority
According to the Chinese website of New Zealand Herald, on July 19, the New Zealand financial market authority issued a warning through its official website to remind local Chinese to pay attention to a financial institution called MBI International (which also operates under the name of MFC Club). The notified institution is promoting a fixed return investment proct in Auckland Chinese community, which is not regulated by New Zealand law; In addition, the company (or its subsidiaries) has been listed on the financial consumer alert list in other countries According to the report, the financial market authority (FMA) is the financial market regulator in New Zealand, which is responsible for the regulation of financial services and securities marketson the reasons for the warning, the FMA said it was concerned about a Malaysian customer loyalty program being promoted by MBI International (also operating under the name of MFC Club) (MFC Club) in New Zealand. The financial market authority has received a report that MFC club is actively carrying out promotional activities in Auckland's Chinese community
the Monetary Market Authority understands that MFC club is promoting through seminars and promotional meetings, and has received reports that statements about MFC club may be unsubstantiated and / or false and misleading, including claims that MFC club is an investment and that the value of any investment will double every year. The FMA noted that the scheme is not a regulated proct in New Zealand and advised caution when dealing with MFC club
in addition, the FMA said that they also noted that the National Bank of Malaysia (BNM) has included MBI international Sdn Bhd and m face international Sdn BDN in its financial consumer alert list, which includes companies and websites that are not authorized or approved by relevant laws and BNM regulations
on May 31, 2018, the Economic Investigation Bureau of the Ministry of public security revealed seven types of pyramid schemes traps to remind the public to be vigilant. Among them, virtual currency, consumer rebate, wechat mobile game and financial mutual aid are related to the Internet, and the other three traditional types of MLM, namely, proct prop, capital operation and charity mutual aid, can not be ignored
in November 2017, Shanghai municipal public security organs, together with other public security organs across the country, cracked the case of "MBI" international group suspected of organizing and leading pyramid schemes. It is understood that in 2015, Wang, a suspect, was registered online and joined the "MBI" (group headquarters in Malaysia).
"MBI" has set up "MFC game financing platform" on the Internet under the guise of "game financing plan" to turn its "barter currency" (also known as GRC and M currency) into "virtual currency"“ MBI makes the "barter currency" circulate through online shopping mall and offline business transactions, and then publicizes the lies of "virtual currency" only rising but not falling by holding propaganda meetings and other forms
according to the introction, where the "MFC game token financing" went, many victims' hard-earned money for many years was swept away, and many family members turned against each other and friends became enemies
the real reason for the geometric multiple growth of participants is the "dynamic income", that is, the reward for developing offline. Like most pyramid schemes, "MBI" has also set up "direct promotion Award", "confrontation Award" and "algebra Award". According to the number of development lines and the amount of investment, they are presented in the form of tokens. The participants form a huge pyramid network, and the essence of its operation is the Ponzi scheme of "eat first and then"
in a video provided by the police, the suspect Xu said that this is a "zero sum game", investors are looking at the rate of return, in fact, the company is looking at the capital of investors. According to the police, MLM can not be replaced without the three characteristics of paying entry fees, developing offline, and getting paid through direct or indirect development offline. We need to be alert to two new types of MLM, namely wechat mobile games and financial mutual assistance
it is understood that MLM like "spark prairie" and "magic farm" are bound together with the publicity of "Internet finance" and "game finance" by means of wechat, mobile travel and other simple and convenient ways to create a "fastest spreading" wechat mobile travel MLM. MLM organizers falsely claim that they can get rich while playing games. The biggest feature is that the entry threshold is low. Players join the game sequence by scanning the QR code, forming the relationship between the upper and lower lines, and spreading faster
"integrity trading treasure" such as financial mutual MLM, known as the "capital plate" of the network world, known as building a mutual win-win platform. Participants must give up first and get later. Only by self-help matching on the platform and providing financial help for others, can they obtain the qualification of being helped by others. The design of financial mutual aid MLM focuses on capital, plays the capital game and money stimulation, so that more participants can not break the situation, which is a more confusing MLM mode
one day in March this year, the internet police brigade of Tengzhou Public Security Bureau in Shandong Province found that a Biotechnology Co., Ltd. was suspected of engaging in pyramid selling. The person in charge of the company develops members by "buying hundreds of yuan of daily necessities and skin care procts". Members form a pyramid like hierarchical structure on the company's website according to the recommended relationship. Marketing systems such as layer award and quantity award are formulated. The number of members developing offline is used as the basis for remuneration and rebate to lure participants to develop offline
according to the introction of Tengzhou public security network police brigade, the marketing means of the organization involved in communication can get a free ride on the Internet. Contact the factory through the network to proce a brand of daily necessities and skin care procts, exaggerate the efficacy, set the sales price at 5-10 times of the purchase price, instill the dream of making a fortune to the members through wechat chat and field lectures, and publicize the bonus system. At present, the case is still under investigation
relevant people from the Economic Investigation Bureau of the Ministry of Public Security said that the traditional pyramid selling of procts and props should not be ignored. For example, the infamous "butterfly bud" pyramid marketing case took procts as a gimmick and developed offline in the name of selling skin care procts, health care procts and daily necessities
there are some similarities between the consumption rebate type of MLM and the traditional proct prop type of MLM, but they are more hidden. This kind of MLM activities, represented by "xinfutu", under the banner of e-commerce or micro commerce, rely on the online mall, use a small amount of goods as props, and use "consumption rebate" and "value-added consumption" as t to lure members to join. The seemingly beautiful "sharing economy" is actually all deceptive
in order to protect the right of privacy, the specific name will not be released, such as the case of "Wanfu coin of future city" organized and led pyramid selling activities cracked in Xuzhou, and the official name of its leader is Liu Mou Ben
reporters in some "Wan Fu" promotion website and official account, many of the title of Liu, including the president of the global future city group, former vice governor of California, etc., and many pictures of Liu and foreign dignitaries and celebrities. In order to develop more members, Mr. Liu also held a huge investment promotion conference in Bali, Indonesia, Hong Kong and other places, attracting thousands of people from China
Liu also claimed that "Wanfu coin" was approved by the US Securities Regulatory Commission and the China Banking Regulatory Commission and would soon apply for a direct sales license in China. According to police investigation, "Wanfu coin" as a virtual digital currency has no legal basis to apply for direct marketing license in China, which is purely fictitiousaccording to the relevant person in charge of Xuzhou public security bureau, "Wanfu coin" reflects the new characteristics of the current MLM
1. In the name of virtual currency, virtual currency is a new thing for pyramid selling. At the same time, it is attractive under the banner of e-commerce, personal finance and distance ecation, which is not understood by the general public and easy to be deceived
2. Development members on the Internet are all carried out on the Internet, and members can only join the MLM through the website, and the user names used are pseudonyms or code names, and they all have their own login passwords. They chat with each other mainly through wechat. This has changed the traditional mode of setting up a studio and a newspaper center to organize activities, and increased the concealment of MLM
3. Spread on the Internet
the Internet makes the pyramid selling break through the restrictions of regions and national boundaries. The backbone personnel of pyramid selling often set their headquarters abroad, hide abroad and issue orders. It is difficult to arrest, recover stolen goods and get rid of the roots when funds are transferred abroad
according to the police, there are 100 or 200 kinds of "virtual currency" publicized on the Internet, which is hard to distinguish between true and false. The use of virtual currency for illegal fund-raising, pyramid selling, fraud and other criminal activities are frequent, investors should carefully screen
has the final say:
virtual currency network platform features
1, hype "new concept"
virtual currency network platform has very flexible form, often make only superficial changes, many are just made some concepts, all "game rules" are all platform based, there is a very big black box operation space. p>
2. Advocate "zero risk"
"real zero risk, only make no loss financial project", "China's first FC virtual currency is born, will create countless millionaires again"... The reporter saw that on a flyer page of FC virtual currency, there is such a slogan. A "player" told reporters that other "players" also claimed that in the future, a coin can buy a house
In the case of Yiyang network platform, many participants are over 60 years old, and the oldest is close to 80 years old. They usually spend most of their time at home with their grandchildren. They don't understand the Internet, and they listen to others. The elderly have accumulated a certain amount of wealth, and they don't know much about new things, so it's difficult to identify false propaganda, so it's easy to become the target of these network platformsdigital currency has a long way to go in China, and the infrastructure in most areas of China can't keep up. The digital currency trial run by the central bank will first be applied to the bill market. At present, there are some applications of digital currency in China. For example, Puyin digital currency launched by Puyin group is a standard digital currency, which has the mortgage of real assets, mainly tea related assets.
MFC has been identified as MLM by the Chinese police, and the relevant news reports are as follows:
in November 2017, Shanghai public security organs, together with many public security organs across the country, cracked the case of "MBI" international group suspected of organizing and leading MLM
it is understood that in 2015, Wang, a suspect, was registered online and joined "MBI" (group headquarters in Malaysia). Under the guise of "game financing plan", MBI has set up "MFC game financing platform" on the Internet, making its "barter currency" (also known as GRC and M currency) into "virtual currency"
"MBI" circulates the "barter currency" through online shopping mall and offline business transactions, and then publicizes the lies of "virtual currency" only rising but not falling through publicity meetings
according to the introction, where the "MFC game token financing" went, many victims' hard-earned money for many years was swept away, and many family members turned against each other and friends became enemies. The real reason for the geometric multiple growth of participants lies in the "dynamic income", that is, the reward for development offline
like most pyramid schemes, "MBI" has also set up "direct promotion Award", "confrontation Award" and "algebra Award", which are presented in the form of token according to the number of development lines and the amount of investment. The participants form a huge pyramid network, and its operation essence is "eat first, then" Ponzi scheme
in a video provided by the police, the suspect Xu said that this is a "zero sum game", investors are looking at the rate of return, in fact, the company is looking at the investor's principal. p>
according to the police, MLM can not be replaced without the three characteristics of paying entry fees, developing offline, and getting paid through direct or indirect development offline. We need to be alert to two new types of MLM, namely wechat mobile games and financial mutual assistance
extended materials:
in recent years, a so-called "only up but not down" MFC game token financing platform has spread wildly all over the country, the cheated people have poured out their savings under the temptation of high returns, and the cheated participants have also developed from middle-aged and elderly people to school students
MFC game token financing platform is to make its "barter" (also known as GRC, m coin) into "virtual currency", through online shopping mall, offline business transactions and other ways, to make "barter" circulate, and publicize the lies of investing in "virtual currency" only rising but not falling
the MFC game token financial management platform has set up a high exit threshold and transaction conditions for drawing Commission, which makes it difficult for the public to withdraw cash, but also to continuously re invest and pull people's heads to delay the collapse
the Hantai Branch of instry and Commerce reminds that the behavior of "MFC financial management platform" is extremely destructive to the society. The masses should be vigilant, don't believe in the myth of breaking the economic law, consciously stay away from and resist the network pyramid selling. The reporting telephone number is as follows:
Hantai Branch of instry and Commerce: 2601009; Xinghan Road Instrial and commercial office: 2212120; Jiangtan Road Instrial and commercial office: 2514022; West Ring Road Instrial and commercial office: 2621324; Laodong West Road Instrial and commercial office: 2253236; Qianjin Road Instrial and commercial office: 2246635; Puzhen instrial and commercial office: 2577338; Shujiaying instrial and commercial office: 2169252; Hedongdian instrial and commercial office: 2296228; Wuxiang instrial and commercial office: 2488348
China market supervision daily - Economic Investigation Bureau of the Ministry of public security exposes seven types of pyramid schemes
Sanqin Metropolis Daily - pyramid schemes far away from the "MFC" financial platform