Chinese Pyramid To Blow Up Ants
December 4, 2007 | By Monika Mundell | 3 Comments »
After 8 years of acting as a direct sales company in China, the USA and Eastern Europe the Yilishen Group has finally been taken down as a pyramid scheme. Ants were the company’s flagship product and it involved buying 3 boxes of live ants for 10,000 Yuan and nurse them with food and water until their dead.
Once they died, the Yilishen Group would collect them and give the investors 13,250 Yuan after 14.5 month. The sound alone is ridiculous and it is obvious now that the company operated their Ponzi scheme for so long only because of government involvement and the enrollment of popular actors for advertising purposes.
Apparently ant products are believed to relieve ailments, combat aging, improve immunity and lots more. The Chinese believe in the power of ant products and even though this sounds incredible for westerners, it makes sense that 10,000 people finally run riots in the Liaoning provincial government in the capital of Shenyang.
Yilishen failed to make a payment in early November with the promise of delivering on that by November 22nd. When the day went by without money to be seen, people went out onto the streets.
This has resulted in a full on riot and the final crackdown of the Ponzi scam. Unfortunately China is riddled with pyramid schemes and since the official approval to allow 1 level direct selling companies to operate again in 2005, the government has cracked down of hundreds of illegal operations.
Before getting involved in any direct selling or MLM company you should read the 12 Step Test to Evaluate any MLM.
Read the full Ant Pyramid story.
Monika
Editor of Network Revolution
Technorati Tags: Yilishen,pyramid scam,direct selling,mlm
Tags: direct selling, mlm, pyramid scam, Yilishen
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