Xinhua News Agency, Hohhot, Aug. 25, a reporter learned from the Yuanbaoshan Branch of the Chifeng Public Security Bureau of Inner Mongolia Autonomous Region that a pyramid selling fraud case was recently uncovered by the bureau. The suspect Ma Mou, using high returns as bait, carried out pyramid selling fraud specifically for the elderly, resulting in more than 160 elderly people being cheated by more than 2.7 million yuan.
On January 11, 2019, the Economic Investigation Brigade of Yuanbaoshan Branch of Chifeng Public Security Bureau received a report from the masses that Mamou cheated the elderly by pyramid selling in a company store.
According to the investigation, in September 2017, Ma Mou used high return as bait to develop members of Chongqing Houcheng Dejian Sunset Purchase and Trade Co., Ltd.
According to the case handling police, their business model is to invest 1200 yuan, 6000 yuan, 12000 yuan, 18000 yuan and 24000 yuan respectively. They can become members of the companys silver card, gold card, drill card, platinum and jadeite. After becoming the corresponding member, not only can we get the corresponding commodities, but also the return principal and high income within one year.
The policemen cautioned that investment fraud is being renovated day by day. Excessive return not only means high risk, but also a well-designed fraud. In addition, the choice of formal and legal investment platforms and ways is the most important to avoid risks. If suspected or found deceived, the case should be reported at the first time, and actively provide evidence to cooperate with the investigation organ.
Source: Xinhua author: Liu Yide responsible editor: Wang Ning_NB12468