Is private mutual financial management a pyramid scheme?

Private financial mutual assistance is pyramid selling, and relevant news reports are as follows:

Recently, many investors in Mianyang, Sichuan reported to the column "Everyday 3 15" that they joined a "private mutual financial management" organization through the introduction of friends. In the name of "mutual support for the elderly", this organization makes money by pulling people back. After many people invested hundreds of thousands, the organizer lost a penny of interest and the principal. So far, many investors have reported to the local police.

"Private financial mutual assistance" sounds like a financial product sold by banks, but it is actually a pyramid scheme trap.

A few days after Mr. Wang invested 49,800 yuan, the organizer announced that in order to get 1.2 million yuan quickly, he needed to invest again to "grab points". In order to make money as soon as possible, Mr. Wang invested again and later got deeper and deeper. He has no intention of developing people. In order to earn millions as soon as possible, he invited relatives and friends to attend classes and join the investment team.

He thought he would get a high return soon, and it didn't take long for him to hear the bad news. Without any benefits, the organizer disappeared and the principal disappeared. "They said that the four managers divided all the money inside and ran away. We flew there and found that everyone in their place had run away. Many people are trapped. "

At present, many investors have reported to the public security organs in Yintan, Rushan City, Shandong Province and Mianyang City, Sichuan Province. The police in Rushan City, Shandong Province revealed to reporters that "voluntary mutual assistance among the people" and "mutual assistance among the people" are pyramid schemes, and the police have arrested many pyramid schemes.

Extended data:

Case: the woman called the police and fell into pyramid schemes.

On the afternoon of February 2 1 Sunday 1 1, Wuxi woman Wang Xiangjin reported to the police that she had fallen into a pyramid scheme under the banner of "investment and wealth management". At present, the leader of the organization is giving lessons to members at a KTV in Wujin. Wujin police quickly attacked, and all five suspects suspected of organizing and leading pyramid schemes were arrested.

After examination, Zhou, Zhang, Li, Pan and Huang have organized and led pyramid schemes under the banner of "People-to-People Mutual Microfinance" since May 201May, claiming that they only need to invest 49,300 yuan in cash to buy 2 1 wealth management products and develop 1-3 investors. In less than two years, it has absorbed more than 100 members, involving more than 4 million yuan.

References:

Yang guang. Com- Revealing the new pyramid scheme: How to set up a bureau to attract people to carry out "private mutual financial management"

China Jiangsu Net-sabotaging "civil mutual financial management" is suspected of organizing and leading pyramid schemes.