Resurrection of pyramid selling on social media calls for vigilance
IN 2013, a company that sold self-made coins based on the "five elements" of feng shui to its customers at 5,000 yuan ($725) a piece and offered a percentage to those who sold the coins to other people was charged by the Ministry of Public Security with illegal pyramid selling, and 33 of the organizers were detained or arrested. However, a recent online video shows the organization is still alive, even expanding. Thepaper.cn comments:
Reports show that the pyramid selling organization came back to life with the help of social media chat groups.
Those doing illegal pyramid selling can expand with unprecedented efficiency and attract large numbers of new members within a very short time by micro-marketing using social media platforms such as WeChat.