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Virtual money pyramid scheme in Malaysia

Publish: 2021-05-20 16:11:31
1.

virtual currency is not MLM

virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, QQ currency of Tencent company, q-point, voucher of Shanda company, micro currency launched by Sina, chivalrous Yuanbao, silver pattern. Digital currencies include bitcoin, Wright coin, infinite coin, quark coin, zeta coin, barbecue coin, penny coin, invisible gold bar, red coin and prime currency. At present, hundreds of digital currencies are issued all over the world

< H2 > development materials:

network virtual currency can be roughly divided into

the first category is the familiar game currency. In the era of stand-alone games, the protagonist accumulates money by knocking down the enemy, entering the gambling house to win money, and using these to buy Herbs and equipment, but it can only be used in his own game console. At that time, there was no "market" between players. Since the establishment of Internet portal and community, the realization of game networking, virtual currency has a "financial market", players can trade game currency

the second type is the special currency issued by the portal website or instant messaging service provider, which is used to purchase the services in the website. The most widely used is Tencent's q-coin, which can be used to purchase membership, QQ show and other value-added services

the third kind of virtual currency on the Internet, such as bitcoin and Wright currency. Bitcoin is an electronic currency proced by open-source P2P software. Some people also translate bitcoin as "bitcoin", which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency

< H2 > reference: virtual currency network
2. China has banned these virtual currencies< (2) no organization or indivial is allowed to illegally engage in token issuance and financing activities
from the date of this announcement, all kinds of token issuance and financing activities shall be stopped immediately. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects< Fifth, the public should be highly alert to the potential risks in the financing and trading of token issuance
there are multiple risks in the financing and trading of token issuance, including the risk of false assets, the risk of business failure, the risk of investment speculation and so on. Investors should bear the investment risk on their own, and hope that the majority of investors will be wary of being cheated
for all kinds of illegal financial activities carried out by using the name of "currency", the public should strengthen the awareness of risk prevention and identification ability, and timely report relevant illegal clues< br />2017-09-04
3. Identifying whether virtual currency is a pyramid scheme is a bit of a bluff
the purpose of offline development and the t of high return is MLM
for MLM, you can refuse to join.
4. If it is impossible to confirm whether it is MLM or not only by one activity or commodity name, it should be judged according to its specific operation mode
MLM refers to the behavior of organizers or operators who seek illegal benefits, disrupt economic order and affect social stability by calculating and paying remuneration to the developed personnel based on their number of directly or indirectly developed personnel or sales performance, or requiring the developed personnel to obtain the qualification to join in on the condition of paying certain fees
MLM can be simply summarized as follows:
1
2. Need to constantly find partners, and set up a team under the guise of doubling income to ince others
3. Decide how much you will get in return according to the number of people below and their business performance
4. In fact, to put it bluntly, it is to make the offline pay 1 yuan to the online, and the online said to teach the offline how to earn 50 yuan. As a result, when the offline gave the online 1 yuan, the online told the offline to find the same 10 idiots to do offline< According to Article 7 of the regulations of the State Council on the prohibition of pyramid selling, the following acts belong to pyramid selling:
(1) organizers or business operators, through development personnel, require other personnel developed by the developed personnel to join, and calculate and pay remuneration (including material rewards and other economic benefits) to the developed personnel based on the number of personnel developed directly or indirectly, (the same below) seeking illegal interests
(2) the organizer or business operator, through the developer, requires the developed person to pay fees or pay fees in disguised form by way of subscribing for commodities, so as to obtain the qualification of joining or developing other persons to join and seek illegal interests
(3) the organizer or business operator, through the development personnel, requests other personnel developed by the development personnel to join, forms the relationship between the upper and lower line, and calculates and pays the online remuneration based on the sales performance of the lower line, so as to seek illegal interests.
5.

Bitcoin is a scam

because bitcoin is a kind of virtual currency, most of which are unregulated and bypass the traditional banking system. Its sharp rise worries regulators around the world. Jamie Dimon, JPMorgan's president, described bitcoin as & quot; A scam & quot;. Because compared with bitcoin, it's not real, it's going to end in the end

virtual currency similar to bitcoin is based on blockchain technology. It is a kind of accounting technology using anonymous computer network operation. No government or central bank has endorsed bitcoin. Therefore, no one can support the value of bitcoin

extended information:

pyramid selling is to absorb and allocate funds by developing the relationship between the upper and lower line. In the bitcoin investment market, the elderly and new people do not have the time advantage, nor do they rely on high profits to pull down the line. In the face of market fluctuations, no one can guarantee that they will make money, and the elderly can not force them to get income from pulling new people

bitcoin or other digital currency does not belong to any person or organization. It is an uncontrolled and decentralized program. The code is fully developed, and the total amount cannot be modified or destroyed

6.

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 fictitious

according 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 platforms

7.

Malaysia's latest MLM list: MBI group MBI has set up "MFC game financial management platform" on the Internet to turn the "barter currency" (also known as GRC and M currency) into "virtual currency". Through online mall shopping, offline business transactions and other means, the "barter currency" will circulate, and then through the form of holding a propaganda meeting, the public publicity investment "virtual currency" will only rise but not fall and other lies. The number and investment amount of development offline are presented in the form of token, and the participants form a huge pyramid network, whose operation essence is the Ponzi scheme of "eat first, then"

extended materials

MBI operation method:

(1) to participate in the organization, you need to pay an entry fee ranging from $100 to $5000, and you can obtain the qualification by paying the entry fee

(2) the hierarchical relationship was formed by pulling people's hair. Although the organization claims to be static and dynamic, from the perspective of its system design, the only way for it to absorb new funds is to attract dynamic hair exhibition personnel

(3) by means of advertising bonus, entertainment bonus and game bonus, multi-level payment is adopted

through the bonus system of the organization:

(1) develop personnel and form a network. MLM organizers promise that as long as the participants pay to join, and then develop others to join, they will get a high "reward" or "reward". This is commonly known as "development offline". Downline can also be further developed to form a hierarchical relationship and form a "personnel chain" of MLM

(2) the remuneration is calculated and paid on the basis of the number of direct and indirect development of the participants themselves, that is, the remuneration is calculated and drawn based on the number of direct and indirect development of the participants, forming a "money chain" of MLM; Based on the sales performance (i.e. sales) of the participants' direct and indirect development, the remuneration is calculated and paid to form the "money chain" of pyramid selling

8. The business model of virtual currency is the same as that of MLM, and bitcoin is the most famous virtual currency
however, the attitude of regulators is clear. Whether it is genuine bitcoin, or a variety of derivative Shanzhai coins, there is no way to obtain legal living space at present. This is something we need to be clear about. If the platform goes out of business or the staff runs away, it is very likely that they will lose all their money and the losses they have suffered will not be protected by law
the promises they give you often make the participants pay money quickly. Behind them is the Ponzi scheme of "robbing the east to pay the west" + "cheating the white wolf with empty hands". They use the money of new investors to pay interest and short-term return to old investors, so as to create the illusion of making money and cheat more investment. When no new investors enter, the return of old investors collapses one after another, and it is often difficult to withdraw cash, or the website cannot be opened
in short, although the external form of virtual currency is ever-changing, it is not divorced from its essence of pyramid selling. The more investors put in, the greater the final loss, and the more serious the loss may be.
9. Although he said it's not MLM, it's all virtual currency and deceptive. Don't believe it.
10.

MBI group of Malaysia is a company blacklisted by Chinese public security under the guise of game finance MFC, MBI group of Malaysia is characterized as pyramid selling by the public security, instry and commerce departments because its operation mode is in line with the characteristics of touting, investing and offline development in Ponzi scheme

MBI group has set up "MFC game financial management platform" on the Internet to make its "barter currency" (also known as GRC and M currency) into "virtual currency". Through online mall shopping, offline business transactions and other means, the "barter currency" will circulate, and then through the form of holding a propaganda meeting, the public publicity investment "virtual currency" will only rise but not fall and other lies

"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 investment amount. The participants form a huge pyramid network, and its operation essence is "eat first and then" Ponzi scheme

In November 2017, Shanghai 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

"MFC game token financing" everywhere, many victims' hard-earned money for many years was swept away, 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. On the Internet, "MBI" prospects are taught to the offline staff, the concept and rebate rules of "MBI" are taught, and members are "brainwashed". It is also said that "MBI" has real economy in Malaysia, so as to achieve the purpose of hoodwinking members

the temptation of "high return" has prompted members to continue to join and develop offline staff, with more than 1000 people and more than 30 million yuan involved. On November 29, 2016, Jiaojiang Branch of Taizhou Public Security Bureau put Wang zhong and others on file for investigation for suspected organizing and leading pyramid selling activities

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