Hebei Rural Cooperatives Go Bust

Hebei's economy is experiencing a serious slowdown due to the weakness in heavy industry, particularly steel. Rural cooperatives pay up to 5 times the interest rates that banks pay. They are supposed to help develop the agricultural economy, but there's no way they're doing that at 16% interest. Furthermore, the rural cooperatives employed agents to drum up deposits and many urban residents also deposited money. A big cooperative went down at the end of March in Handan. Now the bosses of other cooperatives have fled (the other type of bank run) and the whereabouts of the depositors money is unknown. A wild guess: they invested it in real estate, either directly or through high interest (20% and up) loans to developers.

One local described the situation this way: when the big rural cooperative in Handan went down in April (see Handan Farm Cooperative Goes Bust; 100,000 Rural Households Invested Over ￥140 million; Boss Has Fled) that was the aircraft carrier going down. With the carrier sunk, it's hard for the smaller boats to escape. Especially when the smaller cooperatives have invested in the larger cooperative.

河北多家农村合作社“跑路”村民称利息是银行5倍

In April this year, according to the "Morning News" and other media reports, Handan County wide Weiguang vegetable cooperatives Legal running, swept away more than 140 million yuan of funds. Subsequently, Shandong Linqing Dongxu vegetable cooperatives foot event occurred, involving capital of more than 2000 million.

　　This is just the tip of the iceberg. Recently, the "Daily Economic News" reporter learned that the investigation in Hebei Guantao, gaoyi, linzhang other places, these counties this year are co-owners Paolu phenomenon. Linzhang Junhong mushroom cooperatives appeared on foot, the 30 million yuan of funds can not be cashed; gaoyi Hongyun planting cooperatives appeared on foot, swept capital of 14 million yuan.

　　Also Handan, Quang Binh cooperatives occurred after foot event hall 陶正信 cooperatives boss lost contact, and 124 million yuan of funds can not be cashed, and trigger other local cooperatives closed tide appeared most cooperative funds were unable to extract the phenomenon. Local residents said: "is believed to be the carrier, the aircraft carrier sunk boat were spared."

　　These cooperatives appear Paolu common feature is the presence of deposit-taking behavior are behind on foot phenomenon of refraction is the lack of cooperative systems and regulation.

　　Co-owner of the frequency "lost contact" /

　　May, the North China Plain wheat harvest season, farmers mown wheat ready for planting corn, seeds and fertilizers are in need of money, take money Rural appear peak, but many farmers found that they could not withdraw money cooperatives exist, the legal representative also missing.

　　Liu Zhuang located Guantao County, less than 10 miles from the county road, there are hundreds of families are believed members of cooperatives. Villagers said Liu Yan Gang, originally wanted harvester update, the existence of cooperatives money but they can not be extracted. Then, "the president lost contact", "co-foot" message in the surrounding Guantao spread.

　　Liu Yan Gang Show took on a positive letter cooperative capital stock certificate: Share Capital 10,000 shares of No. 622, shares time is October 2, 2013; booking bonus is 18%, for a period of one year.

　　"Although not yet expired, but the constitution of a cooperative agreement, when money can be withdrawn, but the interest to be low." Said Liu Yan Gang, to cooperatives to save money, no contract, only capital stock certificates, specific work by the village of agency staff completed.

　　Masanobu cooperatives stands for "Hebei Museum Taozheng Xin agricultural marketing service cooperatives' legal representative Cuihuan Ting. Headquarters are located in the county cooperatives letter No. 63 Chinese New Street, but the "Daily Economic News" reporter on the scene saw two words is the letter written cooperative stores closed the door, next to belong 崔焕亭 of Fidelity Investments also closed the door .

　　Masanobu local rural cooperatives to conduct business there for three years, from last year, more and more villagers will deposit the money into cooperatives. According to incomplete statistics, the foot incident resulted in more than 500 million yuan of funds can not be cashed.

　　Hebei Linzhang, local cooperatives Junhong leading mushroom cooperatives also had legal foot. Linzhang an official, chairman Guo Junjie swept capital of 30 million yuan. Public information, the cooperatives by Chinese Rural Cooperative Construction Management approved the establishment of the center.

　　Why give money to the cooperative? With guide villager Wang Teng first argument is fairly representative: "You can do free cable TV, you can also get free wheat seed or corn seed, saved ten thousand acre of land free of charge to the seeds." The most important thing is more or cooperatives rates. Wang Teng first said: "If my (ten thousand) money in the bank just over 300 dollars a year, but on cooperatives, 1,600 dollars a year, the equivalent of an acre of wheat." Calculated according to this argument, cooperatives to Interest is almost five times the bank.

　　The true identity of agency staff /

　　In Handan area, there are a lot of agency staff, they are to contact the cooperative ties between farmers and villagers access to services completed by the agency staff.

　　Many agents who also co-own customers. WANG Xian village agency staff with printed guide introduced himself saved 50,000 yuan, 10,000 yuan if you do a deposit of $ 360 can get commission.

According to him, there were agents who are believed more than 180 cooperatives active in every corner of the countryside. Daming County in Hebei, Qiuxian, Feixiang even some counties in Shandong have agents who are believed active agent point, Absorbing some village scale up to thousands of yuan.

　　According to general understanding, it is because of the high interest rates coupled with the temptation of agency staff lobbying money will be credited to the farmer cooperatives. But the "Daily Economic News" reporter learned that the investigation, it is not so simple.

　　April of this year, Gao Yi County Hongyun planting cooperatives boss running, involving capital of 14 million yuan. Among them, the Temple family owned village involving 1.95 million yuan, 2.9 million yuan Ma village, the villagers said, "devastated" when referring to the matter.

　　Reporters from Hongyun planting cooperatives see the receipts, the annual rate of return in 2013 was only 4.5% deposit. Chuang Ma Temple, the book division, said the villagers, agency staff said there is no risk of deposit, cooperatives have registered in the Trade and Industry Bureau, the staff has the record with the county government support, but regulators have Banking Bureau.
　　
Branch and other horse books villagers assured there is an important reason to save money, these agents who have a "credit union people."

　　In many rural areas of Hebei, in the past there has been a member of the agency system, each village an agency staff. However, with the reform of Hebei credit unions, financial services and gradually withdraw from the country. Gaoyi County Banking Bureau responsible person in the "Daily Economic News" reporter, said: "Those agents who are not loan officers, they may have some relationship with the bank, but then all of a sudden reforms laid off, the agency and bank staff no relationship. "
　　
Baixiang County farmer entrepreneur tied Lau said that agency staff system is easy to illiterate villagers, if farmers need to deposit the money directly to the agency staff, and agency staff time to collect the money as long as say the line. "According to the Associated Press in 2006, Hebei Province, documentation requirements, gaoyi County revoked the agent stations, but this group has always existed."
　
　Reporters learned that, like a horse village Renjing Shen, Temple Mayu Chang Chuang are past members of the Credit Union agency. In addition a number of agents who have Guantao bank credit experience. In the eyes of the villagers, the agency staff has always been a link between farmers and financial linkages. "No credit union near the teller to the county but also queuing delay farm."
　　
After exiting the rural credit cooperatives in the market, there will be money after the financial needs of farmers, cooperatives bring it to market, slightly higher than bank interest rates as long as farmers are willing to deposit money into cooperatives.

　　For agency staff on behalf of farmers to save money business, these sources said the Banking Bureau, agency staff in rural areas is more like a salesman, anyone can do, for example, introduce you to the bank deposits, some banks give you a referral fee, which is marketing costs, This is permitted.
　　
Everywhere cooperatives /
　
　Cooperative development of China's early, but really the rapid development in the new cooperative law enacted in 2006, the implementation of the cooperative system of registration, registration of charge. Reporters learned that in many, this operation becomes extremely simple, farmers only need to bring your ID card to the local industrial and commercial bureau on the line.
　　
Guantao County Business Council to the "Daily Economic News" data is: Guantao officially registered cooperatives with more than 160. Throughout the Handan City, various farmers' cooperatives have registered thousands of much.

　　As the villagers mutual aid cooperative economic organizations, serving as a farmer, because farmers need to raise funds to buy fertilizers, pesticides, mutual funds function began to appear.

　　Long-term mutual funds concerned community experts Jiang Bolin believes that the development of cooperatives to mutual funds is inevitable, "co-operatives is not simply to help farmers buy buy seeds, fertilizer, capital of farmers cooperatives is to production, distribution, supply and consumption together, to foster agricultural the city, to support agriculture, integrated rural development. "

　　But in reality, the development of mutual funds deviate from the expected track club.

　　In Guantao County, a number of agency staff holding documents to prove the legitimacy to carry out co-deposit business. Reporters saw the document by the CBRC and the Ministry of Agriculture in 2009 jointly issued "on the good work of Farmer Cooperatives financial services advice," Handan City have also introduced the relevant documents.

　　Joint paper referred to encourage qualified farmer cooperatives development of credit cooperation. "Select the formation of farmer cooperatives in rural areas on the basis of the pilot union's funds, under the supervision of the banking regulatory agency, the real stake in accomplishing voluntary membership, democratic management, service members for the purpose of seeking membership interests of cooperative financial organizations."

　　In the specification of these documents, the cooperative began with the rapid development of financial nature in the Hebei region, like faith, Weiguang such cooperatives in Handan everywhere, the name of tricks, but much the same way: the establishment of co-operatives to high rebates as bait, a large number of farmers to absorb funds' shares. "

　　In Handan area, not just farmers, including deposits of urban residents also joined the ranks. In Guantao, customers are believed cooperatives have engaged drivers, civil servants, teachers and other professions.

　　In the open rental Guantao Master Wang told reporters that he himself saved thousands of dollars to a positive letter. "Are believed to be the key support of cooperatives, cooperative Masanobu hardly unknown."

　　Different from ordinary registered cooperatives, these cooperatives registered capital of more Handan, in millions of dollars more.

　　"Daily Economic News" reporter learned that the query registration documents, museum Taozheng Xin cooperatives registered capital of 300 million yuan, registered time is February 14, 2011; operating range is required for members of the procurement and supply organization of production, the organization acquired selling members products; introduce members required advanced technology. Gaoyi Hongyun food grain cultivation cooperatives registered capital of 5 million yuan, the legal representative of Raymond Cheung, operating range of planting, tissue procurement, acquisition, sale of agricultural products and the introduction of new technologies and new varieties.

　　Reporters noted that the registration information did not mention storage class business. In this regard, Trade and Industry Bureau said that cooperatives to carry out financial business is illegal. However, according to co-regulation, members of the cooperative funding to carry out mutual funds is not illegal.
　　Is the case, the cooperative had a huge room for maneuver.

　　Secretary for Trade and Industry Bureau Guantao surnamed Wang told the "Daily Economic News" reporter, said, "members of the cooperatives to attract funds, the cooperative law is possible, and who said they would not deposit, and now co-operatives without inspection Therefore, the function is hidden funds, non-trouble will come to say. "

　　Hebei Guantao, gaoyi other counties, there are still a lot of streets for business cooperatives, these cooperatives and banks similar to capital stock and settlement into the hall there is a window. Guantao formosa cooperative staff that take deposits interest is 16%.

　　Although these cooperatives are open to the public storage business, but gaoyi County Banking Bureau, responsible person, if go to these cooperatives, they do not say they are illegal fund-raising, they will say that it is the members also return materials used for the purchase of fertilizer funds "They have legitimacy."
　　Type of financial operation highlights the regulatory vacuum /

　　In fact, the reporter learned that the cooperatives are now in the regulatory vacuum. Although the cooperative's business license issued by the Trade and Industry Bureau, but no regulatory responsibility. Wang, deputy director of the above in the "Daily Economic News" reporter, said that cooperatives need only register, Guantao county and national registration as cooperatives without inspection, specific regulation is COAG thing.

　　June 23, reporter to interview Guantao County Farmers Working Committee, Agriculture Committee responsible person, cooperatives specific piece of work by the Agricultural Association to be responsible. Reporters then to farm co-op, but the agricultural association office staff said there was no co-op work in this area, "we NACF total of only four people, hundreds of cooperatives how regulators can get through."

　　The office staff also revealed that before the promulgation of the law on cooperatives, agricultural co-supervision before, but after the promulgation of change registered by the Trade and Industry Bureau, "but also to regulatory inquiries cooperatives specific address."

　　Handan City Agriculture Committee also answer specific work by the Agricultural Association is responsible for co-operatives. Handan City Farmers Co officials Jinghai Feng told the "Daily Economic News" reporter, said NACF is a mass organization of cooperatives comprehensive guidance services, primarily to guide the healthy development of cooperation, "but we do not have administrative authority . "

　　Since the launch of the cooperative financial services, the financial sector should have regulatory responsibilities. However, Gao Yi County Banking Bureau expressly Banking Board to discipline cooperatives, there will be financial licenses Banking Bureau pipe. "For example, the real estate market risk, notify the CBRC to banks, but not under notice to cooperatives. Cooperatives are not our approval, how?"

　　Of cooperatives Hebei probably similar in unsupervised state. Baoding, a co-president, told reporters that funds are raised to 300 yuan, a lot of the higher authorities, but who never managed before.

　　Cooperative funds are gone? /

　　Typically, members of the cooperative funds primarily for their own development. Jinghai Feng said the club's funds like mutual funds is limited to the interior, limited to the development of related industries. "In principle no deposit-taking cooperatives suck stocks, shares may be land, labor shares, funds are limited to the interior."

　　Jiang Bolin believes that more than 18% of the normal market interest margins, especially in the agricultural sector. "Society is also the principle of mutual funds deposits from members, loans lent members, rather than the funds together to engage in the project, the project risk is now doing great, and if that fails, the entire collapse of the cooperatives on."

　　Li Changping agriculture experts believe that some cooperatives are now operating across the county, not regulation can not prevent risks. "I advocate and support the development of both pension priority functions village built-financial, internal funds financial cooperatives can only run in the village, a village only a co-op, and the whole village, against any form of cooperation and mutual assistance in rural finance."

　　Reporters learned that, like most cooperatives are in Handan County, registered capital, the formation of "Head Office - Branch - agent point" three-tier system, the flow of agency business throughout the county, and even counties interprovincial operations, primary-level transmission .

　　A local well-known in this business insider said, Handan cooperatives such operations is the earliest, Hebei cooperatives elsewhere in Hebei Handan many people do, or copy mode. Hongyun cooperatives is the legal representative of Handan Raymond Cheung Man.

　　But most of the cooperatives operating conditions are bad, like Quang Binh Weiguang vegetable cooperatives grow vegetables less than a year, spend the land, the construction of greenhouses and other costs of more than 30 million yuan, basically lose everything. The Junhong cooperatives mushroom business has been a lack of funding, in 2013 publicly reported that the agricultural cooperatives to achieve wealth through mutual funds gorgeous transformation.

　　As funding for these cooperatives are gone? Local spread of multiple versions, cooperative funds for stocks, futures speculation, investment in mining, real estate and so on. There Handan insider, the real estate downturn, the funding strand breaks, cooperative funds can not be removed.

　　"Daily Economic News" reporter learned that, Masanobu cooperatives and local "Squeak shopping" relevant, Masanobu after running, this shopping plaza is also closed. Guantao Public Security Bureau insiders also confirmed that there had been looting Squeak phenomenon.

　　Some funds may flow directly into the pockets of the owners of cooperatives. Linzhang a government official said, before Junhong cooperatives running, Guo Junjie three consecutive withdraw money in the bank. "These farmers cooperatives pit dead, there is no regulation according to which the chaos in the financial sector."

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.