2012-06-01

Bank run in Fujian province after 1 billion yuan ponzi scheme collapses

A multi-level marketing scam centered in Wuyishan (武夷山), Fujian (福建)has collapsed with perpetrators netting ¥1 billion. Below are Google Translates of two articles. The 10 billion translation is wrong, it is 1 billion. Plenty more errors, but I haven't got time to translate right now. Also below is the Google Translation of the Baidu wiki page for the firm. The company's webpage is dead.

The Fujian rebates network collapse scam involving 23 provinces and cities 福建“返利网”崩盘 骗局涉及23省市
Core Tip: "100 per cent Mall claiming more than 20 million members, involving 23 provinces and cities. one surnamed member said," started when I heard the full mall owners Yao Jianqing and senior have escaped more than 10 billion Pao Lu. "
Empty.

May 31, the edge of the Fuzhou West, Fauci Lake Garden north-floor six-story is a mess, the whole layer of the huge office space only a few grid, ceiling air-conditioning, including all items have been looted. about 300 square meters of space can be seen everywhere damaged ceiling and scraps of paper waste, and even the Office of the Chairman of the glass door was smashed.

"In the middle of the night on the 28th, happened here the mob looting took indoor items is a member of the full mall, an angry crowd smashed the decoration." Fauci Lake Garden security told this reporter.

This is where many members had placed 100% of fortune dream mall stronghold. This reporter saw a full-affected member notice pasted on its door bearing the words: you full members and the victims go to Fuzhou Economic Investigation Team focus, and discuss funeral.

"Full mall claimed more than 20 million members, covering 23 provinces and cities." Member surnamed Chen, told this reporter, "the causes of things heard the full mall owners Yao Jianqing and senior have escaped more than 10 billion Pao Lu. "

On the evening of May 31, the reporter learned from the Fuzhou police, Yao Jianqing was the same day was five brigade of the Fuzhou Public Security Bureau of Economic Investigation Detachment from the field and arrested and brought to the suspected charges of illegal deposits from the public, within a short time the police have registered the cheated amount of tens of millions million.

Involved in this case the number and amount, is still the legend diverse. Since the filing due May 29, made a report people are doing it, has not yet specific statistics on the amount involved and the victim number.

May 28 night in Fuzhou, looting, and has rapidly spread to northern Fujian Wuyishan City.

The Wuyishan banks a run

Hundred percent rebate comes from Fuzhou mall collapse event, but soon make waves in Wuyishan City, 356 kilometers away.

"In the evening of May 30, there are rumors that the relevant state departments to rectify rebate network, it may freeze the personal bank account." Number of Wuyishan local residents confirmed to this reporter, "so people flocked to the bank teller, 31 withdrawals crowd formed the climax, are overcrowded urban areas, Construction Bank, Agricultural Bank of China, ICBC even Wuyi University, backdoor teller machines. "

"Wuyishan public Ma told the reporter, the evening of May 31, downstairs are loud call notification queue to take money out noise, thunder kept the motorcycle on the streets," Wuyishan crazy, "she said, her husband is 100% rebate mall members.

"Rebate network the country's most active areas of Wuyishan." A local source revealed to him every day to listen to friends and colleagues talk about rebate network, earn money to buy a car also. March to April this year, most people throw money to rebate network, buy tens of thousands of people, or even hundreds of thousands of millions to buy. "

Many local people said hundred percent rebate mall development in the Wuyi mountains of many shops and became an "investment" for quick profits, and slowly evolved over time and some people operating mode, to attract more to the more ordinary citizens to join.

The reporter learned from multiple sources, Following the Wuyishan whole city crazy, Jian'ou, Shaowu, Shunchang, Pucheng counties belong to northern Fujian, a variety of names, "Money begets money" rebate "riches" game the same hot.

But because of a sudden the same thing, and increasing number of withdrawals and report the number of people involved and the amount of these places is also not specific statistics.

"Money begets money" riches game

In, Fauci Lake Garden looting has been the passage of time, but until the afternoon of May 31, not when someone thirty-five together to come here to find out the full rebate mall situation.

While in front of a piece of paper "announcement", said the arrears of rent, the landlord has the right to use recovery.

Property of the building told reporters the full rebate Mall to move into here at the end of the original tenants of the housing Yao Yuan, Fujian Jianou.

The reporter learned that operate 100% rebate Mall enterprise Fuzhou Yi Health Science and Technology Development Co., Ltd. (hereinafter referred to Yi Johnson).

Trade and Industry data show that Yi Health was founded on December 23, 2011, 10 million yuan of registered capital, is the software industry, business scope is very heterogeneous, including daily necessities, building materials, dozens of industries. The legal representative of the company for the original Yao Jianqing, March 31 and May 24 this year has changed to Feng tour wang, Weiping. The shareholders have also gone through two changes the Yao Jianqing, how to spend months changed to swim Wang, Feng, Fan Baoyu, and then change Weiping Gao and Ke Qimin.

The reporters found that the friendship born on December 25 last year, the Company changed to its present name by the the Jian'ou full E-Commerce Co., Ltd. ", founder of Yao Jianqing Department of Fujian Jian'ou, aged 39.

May 7 to 8, Yi Johnson held in Fuzhou West Lake Hotel, a national dealer meeting, a member of more than 500 from all 23 provinces and cities, agents, distributors attended the meeting. A percentage rebate mall dealers said.

According to its disclosure, in the so-called National Dealer Meeting

Publicity, only the 8th to the 14th week of May, Yi Johnson absorption member of several hundred million of funds. The same month on the 14th, the old site of the "100 per cent rebate of friendship Johnson Close, 18, named" 100 per cent Mall "website, suction gold numerous two-day promotional activities.

The reporter learned from more than members mouth, Yao Jianqing began in May 2011 through the network of shopping malls full, to receive a 5% fee the way development agents and franchisees, and to absorb the member funds, commitment to 100 days back to this, net profit in 400 days of high returns, "Money begets money" profit mode.

The Fujian rebates network collapse scam involving 23 provinces and cities

The initial approach, Member Shopping 1 million in the franchisee, to pay 1600 yuan Yi Johnson, Yi & Johnson $ 20 per day rebate to members, for a total rebate of 500 days. With a membership of more and more, later converted to 1600 dollars you can get $ 20 per day rebate paid directly to the friendship Johnson, Yi Johnson received from members daily 20 yuan rebates 5% fee.

Yi Health wantonly take the model of development of the regional agency "offline" to grow the membership team. "Agents of the initial fee is $ 10,000, and promotional activities during the price is 5000 yuan, Fujian Province, one agent said. According to the odd members, full mall agents to join more than 6000 in the country.

The reporter May 31 the bank bills and customer information display, Yi Johnson call the members of the rebate a few hundred to several thousand dollars, the amount of remittance Join majority for a few thousand to several million .

More involved in the amount of Fuzhou, Fuqing City, under the jurisdiction of, a few people together tens of millions of dollars. "A member said," after the outbreak of the fuse is also a few people be informed of the change of friendship born shareholders. force new legal representative Weiping return of investment funds, resulting in the collapse of 100% rebate Mall. "

Fujian "rebate network" crash pull MLM scam 福建“返利网”崩盘牵出传销骗局
REVIEW: online shopping, win rebates. Net Fujian "rebate" collapse triggered a bank run events, scam involving 23 provinces and cities. Suspected pyramid selling, high-level running, the rebate site model itself if there are loopholes? Riches legend of the "money begets money," burst, investors why also followed one after another?  

Zhongguang Wang Beijing, June 1, according to the economic voice of "CNR Financial Review reported this a few days, the high-level of a" Fujian hundred percent rebate to bring more than one billion to escape the post circulated on the Internet, has fueled a wide range attention. Media reports, Fujian 100% rebate Mall office has been an angry crowd ransacked an empty triggered a bank run events in Wuyishan City.   

According to reports, the cause of the matter is heard to full mall owners and executives have escaped and over 10 billion on foot. Informed sources said that Fujian full shopping mall network boasts more than 20 million members, covering 23 provinces and cities. Mode of operation of the site is a 5% handling charge agents and franchisees, and absorption of member funds, commitment 100 days back, the high returns of the net profit of 400 days, "Money begets money" profit model.  

Today, escape triggered the collapse of high-rise with money by the Fuzhou hundred percent rebate in Wuyishan City triggered a bank run event. Culminate in yesterday withdrawals population and the Wuyishan teller machines throughout the urban area are overcrowded. Local sources, Fuzhou hundred percent rebate the country's most active region is in Wuyishan City, from March to April this year, most people throw money, buy tens of thousands of people, or even hundreds of thousands, millions of buy .   

100% rebate Mall Network developed in the Wuyi mountains of many shops and became an "investment" for quick profits, and slowly evolved over time and some people operating mode, to attract more and more ordinary the public to join. In some neighboring counties and cities, a variety of names, "Money begets money" rebate "riches" game is the same hot. At present, the local police was in full swing detection of the case, some of the people involved have been controlled, the case is under further investigation hearing.   

The rebates network this model first appeared in foreign countries, the corresponding proportion of the rebate through the rebate site in online shopping, you can enjoy. It should be said that a good business model, are also a lot of such sites. But some people use this rebate network, the name of the banner of the rebate network evolved into a new Network Marketing model. In this case, the regulatory system should be established as soon as possible. And investors should also keep in mind that flourishes impossible, the sky will not fall out.

Economic Voice of Commentator Lin Yun brought their own point of view. "Rebate," in Fujian collapse events are loopholes because the the rebates network model itself?   

Lin Yun: the rebates network mode or rationality of the existence, on the one hand, it helps businesses to do web promotion, scattered buyers together, forming buy the power, coupled with the promotion of electricity providers in the Internet, will relatively large investment, in which the number of rebates, and rebate and then return to the buyer, logically, can still pass. Some experience from overseas, including the site in terms of domestic specialize in rebate services, there are a number of successful experience, I think this model can be established.   

I also noticed that there are some companies or individuals, the name of the the rebates network mode in which to fish in troubled waters, there is a big loophole. Once the individual consumer has been deceived, held up the cost is very high, but Fujian this is a naked power, pyramid schemes, deceived Taibuyinggai in this event, because it models, there's return can not benefit later became a direct money, and then waiting for the day rebate, such an approach is clearly could not sustain.

This occurs because of the lack of investment channels now illegal scam and low cost?   

Lin Yun: I think in terms of his early, rebates mode, purchase goods, and then give rebates. To later become accumulated a certain number of clients on the network, the formation of a certain operator basis, the advantage of the "viral" spread of the process, to the latter is a typical pyramid schemes. Think about it, he has omitted the link to buy goods, you have the money, and a daily rebate of 20, I think he is using pre-made effects, some people have tasted the sweetness, and really give the money and get the rebate, these people would become his living advertisement.   

There are other people in the proxy process, I guess we got the reward money will give him the agent involved, but also to pull the head of the. In addition, he also used the time difference, because it looks like 500 days of principal, if not buy goods, 1600 dollars and 100 days on the back more than a, there exist the obvious time difference. Because you have to have time to wait until lobbied for 500 days to get enough money to hit a quick-fix marketing activities in the last operation, a short period of time identified enough members, and then take the money and run. In late March, he replaced the shareholders and legal persons can be said that the preparatory work is spared.   

So many people deceived the one hand, many investors in the country, many consumers make money eager, pyramid schemes such behavior in the country despite repeated prohibitions, there are those who will be deceived. Second, the fraudster escalating through the guise of trick to attract new participants, including this as a gimmick by rebates, deceptive practices is not wise, as long as little understand the point of common sense is not at the meeting when Again, our lack of effective supervision, so he was able to put this thing made. He can make so many people fall into the trap, with the omission of the business supervision departments also have a great relationship.

百分百商城
100% Mall Profile

  100 per cent Mall was established in March 2010, the operating radiation suit Maternity and radiation series, yoga clothes, all kinds of brand men and women and children's clothing, Korean dress, full dress, bags, footwear, with ornaments. The Mall is headquartered in Guangzhou Jinbi Garden , set up in Dongguan , Hangzhou , Hunan act Processing Agency is committed to creating a "one-stop online shopping mall with Chinese characteristics!

Full mall was founded

  For the majority of shoppers gradually increasing demands of the product cost, full mall must have a sound procurement distribution system, in order to constantly improve product quality while reducing product prices, thus reducing the cost of product sales of intermediate links increase imperative. Thus was founded a full online shopping mall site, the products directly to consumers on the site, on the one hand, the site provides more detailed shopping information, history, and customer reviews, customer from need the product quickly check out an array of all kinds of goods; the other hand, greatly reducing store operating costs, and affordable for sale to customers.

Hundred percent of store merchandise positioning

  All goods landed by the mall is the result of carefully selected boutique, each commodity has its own characteristics, each product before landing site edit the layers of screening, this will be throughout a firm service principles.
  Women's positioning :18-38-year-old all kinds of different sectors of women
  :18-35-year-old men locate all kinds of different class male
  Kids positioning :2-13-year-old boys and girls
  Personnel exposure to radiation sources of radiation series product positioning: pregnant women, and computer workers.
  Yoga clothes Positioning: yoga and other comfortable Women
  Footwear location: All kinds of men and women
  Bag positioning: all kinds of stylish women

Hundred percent mall business philosophy

  Integrity management: extension, therefore, not fraud, the customer first. Self-discipline, conscious, standardized service, honest.
  Quality assurance: guarantee the procurement of goods off, refusing to sell all the low-quality high prices, low price of low-quality goods.
  Law-abiding norms: fair competition, trading standards, strict compliance with the network of sales regulations and industry standards.
  Business Services: to provide consumers with professional, caring, personalized service, creating a one-stop security, fast, happy online shopping mode.
  Service tenet: quality of goods hundred percent clearance, after-sales service satisfaction, customer satisfaction is our happiness.

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