People's Limited entered the warning list because MBl Group of Malaysia did not have the permission to carry out existing commercial activities.
MBI (MLM)
MBI Company in Malaysia takes game financing MFC as a cover, and its operation mode conforms to the characteristics of Ponzi scheme, such as attracting people, investing money and developing offline, and is characterized as pyramid selling by the public security and industrial and commercial departments.
The operation mode of MBI fully conforms to the behavioral characteristics of pyramid schemes: China's "Regulations on Prohibition of MLM" clearly defines pyramid schemes: pyramid schemes refer to the acts of organizers or operators who develop personnel, calculate and pay remuneration to the developed personnel based on their direct or indirect number of personnel or sales performance, or require the developed personnel to obtain the qualification to join on the condition of paying a certain fee. Obtaining illegal interests, disrupting economic order and affecting social stability.
According to the information on the MBI website, Zhang Yufa, chairman of MBI International Group, is the cousin of Malaysia's founding father, the consultant of MBI Standing Committee is the Commissioner of Malaysian Police, and the chairman of mface is Datuk of Malaysia. It owns more than 40 industrial chains such as real estate, supermarket chains, online shopping malls, film and television companies, chain apartment hotels and green homes. Since this platform is so powerful, who is the founder? The third generation of Chinese in Malaysia, originally from Guangdong Province, is named Zhang Yufa. Often fly to various countries to open up markets. A big shot with a strong government background.