Is Huiguang Equity Investment Fraud? My sister bought 65,000 Huiguang, saying it was signed with a company in Shanghai. Now let's buy it. Is this a pyramid scheme?

I took their class, got to know more, and felt like a liar. Huiguang Fund and Liaoning Quanda Straw belong to the same company, and the financing company is used for its own company, which is not allowed by law. The legal person comes from Taiwan Province Province and has no relevant financial experience. The senior management team are all amateurs. I work in finance myself. Real equity investment can't be bought for tens of thousands of dollars. Suspected of illegal fund-raising and pyramid schemes.