--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Chinese Women
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Illegal Pyramid Selling Cracked down

Since China imposed a ban on fraudulent "pyramid selling" in 1998, the industry and commerce supervisory departments have cracked down on more than 16,000 such cases, China's State Administration for Industry and Commerce announced on Friday.

 

A total of 1.05 million people participating in pyramid schemes have been dispersed, and the once-rampant pyramid selling has been effectively contained, according to the administration.

 

In the seven years, industrial and commercial administration departments across the country have destroyed over 40,000 pyramid selling places, and handed over almost 1,000 cases to the police, with 3,700 people involved.

 

Pyramid selling activities are being carried out in a more covert manner, and in some regions, they are still rampant, the administration said.

 

The scam, also known as multi-level marketing, is a method of selling something through a hierarchical tier of salespeople. Promoted as a get-rich-quick scheme, it invariably leads to huge losses for those conned into participating.

 

(Xinhua News Agency November 5, 2005)

 

Law Seeks to Regulate Direct Selling Practice
New Direct Sales Regs Expected in a Month
Students Caught in Pyramid Selling Scam
Legislation on Direct Selling Expected This Year
28 Accused of Pyramid Selling
Outlawed Pyramid Selling Targeted
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688