The reporter saw in some "Wanfubi" promotion websites and official WeChat accounts that Liu has multiple titles, including President of Global Future City Group and former Deputy Secretary of State of California. There are also many photos of Liu with foreign politicians and celebrities. In order to develop more members, Liu also held huge investment fairs in Bali and Hongkong, attracting thousands of people from China.
Liu also claimed that "Wanfubi" has been approved by the US Securities Regulatory Commission and the China Banking Regulatory Commission, and will soon apply for a direct selling license in China. According to police investigation, as a virtual digital currency, "Wanfubi" has no legal basis for applying for a direct selling license in China, which is pure fiction.
The relevant person in charge of Xuzhou Public Security Bureau said that "Wanfubi" reflects the new characteristics of current pyramid schemes.
1 under the guise of virtual currency
Under the guise of virtual currency, a new thing, MLM attracts people under the banner of e-commerce, personal finance, distance education, etc. The general public does not understand it and is easily deceived.
2. Develop membership on the Internet
Membership development is carried out on the Internet. Members can only join MLM through the website. The user names they use are pseudonyms or code names, and they all have their own login passwords. They mainly chat with each other through WeChat. This has changed the traditional mode of setting up studios and reporting centers in pyramid schemes, and increased the concealment of pyramid schemes.
Step 3 spread on the internet
The Internet has enabled MLM to break through the geographical and national boundaries. The backbone personnel of MLM often set up headquarters abroad, give orders abroad, transfer funds abroad, and it is difficult to catch, hunt down and eradicate.
The police suggested that there are one or two hundred kinds of "virtual currency" advertised on the Internet at present, which is difficult to distinguish between true and false. The use of virtual currency for illegal fund-raising, pyramid selling, fraud and other criminal activities frequently occur, so investors should carefully screen.
Extended data:
Characteristics of Virtual Currency Network Platform
1, hype "new concept"
The form of virtual currency network platform is very flexible and often changes face. Many just create some concepts. All the "rules of the game" are determined by the platform, and there is a lot of room for black-box operation.
2. Advocate "zero risk"
"Real zero-risk, only-earned financial management project", "The birth of the first FC virtual currency in China will once again create countless multi-millionaires" ... The reporter saw that such a slogan was written on a leaflet page of FC virtual currency. A "player" told reporters that other "players" also claimed that they could buy a house with a coin in the future.
Step 3 aim at "the elderly"
Take Yiyang network platform as an example, many participants are over 60 years old, and the oldest is close to 80 years old. However, they usually spend most of their time at home with their grandchildren, and they don't know anything on the Internet. The relevant knowledge is told by others. Older people have accumulated a certain amount of wealth, don't know much about new things, it is difficult to identify false propaganda, and it is easy to become the target of these online platforms.
People's Daily-People's Daily: Xuzhou cracked a huge pyramid scheme of "virtual currency"
People's Network -MLM Network Play a New Trick: Transform into a Virtual Currency Platform