News from Chu Tian Jinbao, reporter Chai Jing

　　Can buying just 800 yuan of Bai Chuan currency make 800,000 yuan? Recently, a reader inquired from our newspaper: Is the online casino called Bai Chuan currency reliable? Subsequently, the reporter conducted an investigation on Bai Chuan currency and found that it has been identified as a pyramid scheme by relevant departments. In addition, there are many online casinos that are engaging in illegal pyramid schemes under the guise of currency.

　　Attractive returns

　　Investing 800 yuan and doubling it in 5 years

　　Recently, a grandmother from Han口 inquired about a report, and some people around her recommended her to buy a kind of online casino called Bai Chuan currency, which can make a fortune with just 800 yuan and become 800,000 yuan in 5 years, but she was opposed by her family.

　　The reporter learned through inquiries that Bai Chuan currency is an internet financial investment product, and it is related to online casinos and how to find them. The issuer of Bai Chuan currency is a company registered in Fujian, Bai Chuan World International Holding Co., Ltd., whose business scope is very wide, including financial investment, the internet, and other fields.
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　　The reporter saw on a document sent by a salesperson of Bai Chuan currency that the returns from investing 800 yuan in Bai Chuan currency come from multiple aspects: one part is the direct enjoyment of dividend income, which is 18 yuan per day, and this 18 yuan exists in the form of gold coins, gold seeds, and purchase coin, etc. After accumulating enough gold coins, they can be exchanged for RMB at a one-to-one ratio, and the purchase coin can be used to buy the company’s original shares, etc. There is also dynamic income, which means introducing people in and receiving rewards, and if the introduced person introduces more people, rewards can also be obtained, and this hierarchical spread continues. According to the company’s publicity, an account can gradually ‘fission’ into multiple accounts, and if more people are introduced, it is not a problem for the 800 yuan to become 800,000 yuan in 5 years.

　　At a glance, this investment return rate belongs to a project with small investment and high returns, and the starting price of 800 yuan is also affordable for many investors, so many investors are easily ‘hooked’.

　　During the interview, a Mrs. Huang who was developed into a ‘member’ told the reporter that she registered as a member last month through a friend’s introduction. Her account contains virtual gold coins, which increase every day. At first, the person introducing said that after reaching 100, it could be exchanged one to one with RMB, but a few days ago, the website was inaccessible.

　　Subsequently, the reporter added the WeChat ID of a so-called Baichuan Coin business representative and communicated with him, and the other party brainwashed the reporter: Baichuan Coin is a good financial tool that can promote this beneficial financial method for the poor. This way, not only can the people around you make money, but you can also make a lot of money yourself.

　　But when the reporter asked, ‘Why is the website not accessible now? Is it that the money cannot be distributed?’ the other party immediately blocked the reporter.

　　It is actually a pyramid scheme.

　　The address is fake, and the listing is made up.

　　Yesterday, the reporter first opened the official website of Baichuan Coin, which showed ‘under construction’.
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　　The reporter saw in the Baichuan Coin BBS that various informants and Baichuan Coin defenders were fighting each other, creating chaos. Firstly, some netizens爆料 that the Shanghai operating subsidiary of Baichuan Coin has been dissolved, and the number of clicks on this post reached over 40,000. Below, many people cursed at the informants. In addition to this爆料, many people also said that they ‘had not received dividends for many days’ and questioned this financial product. In response, some netizens ‘supported the stock’: the company is about to rise, and it is currently being dragged down by other coins. Moreover, some people posted ‘catching up’: missed Baichuan Coin and Morgan Coin, come and play the new coin, it’s a new pot, no problem for three years.entrance lottery entrance，come on baby

　　The reporter verified the information left by the company one by one. Firstly, the company showed that on October 27, 2014, Baichuan World was listed on the OTC market in Hong Kong (stock code: D10045). In addition, it also showed that on December 29, 2014, its subsidiary Fujian Leyou Yougou Network Technology Co., Ltd. was successfully listed on the Shanghai Equity Custody and Transfer Center (stock code: 203112). According to these stock codes, the reporter conducted inquiries but found no relevant information, indicating that the pictures of Baichuan Coin staff holding banners to celebrate the listing on the Internet are forged.

　　The reporter checked the National Enterprise Credit Information System and found that ‘Fujian Baichuan Coin Network Technology Co., Ltd.’ has been listed as an abnormal business entity by the industry and commerce department due to the reason that ‘the registered address or business place cannot be contacted’.

　　Subsequently, the reporter searched on Sina Weibo and found that on September 23 of this year, the Economic Crime Investigation Team of the Xinjiang Xinyuan County Public Security Bureau officially announced on Weibo that ‘Baichuan Coin is a pyramid scheme, with exaggerated propaganda, and the final result is that the gold coins cannot be withdrawn, and the money is stolen after being converted.

　　An investor who prefers not to reveal his name told a reporter that he has known all along that this financial model is similar to pyramid selling, but because he joined early, he has already recouped his capital, and he will not suffer any losses even if the other party runs away. The key is to see who is unlucky enough to get the last baton.

　　Remind

　　Be cautious of investment that earns money by bringing downlines

　　In fact, the Bai Chuan coin scam can only be regarded as a case in point. In addition to Bai Chuan coin, the journalist learned that there are numerous Online casino and How to find it scams at present. The journalist saw on the China Anti-Pyramid Scheme platform that according to the information掌握 by the China Anti-Pyramid Scheme Volunteer Alliance, Bai Chuan coin, SMI, MBI, Mark Coin, Dark Coin, MMM, United States Fidelity Compounding Investment,克拉币, and so on are all illegal pyramid schemes disguised as Online casino and How to find it. Recently, a list of pyramid schemes has been spreading on WeChat, with many funds with ‘coin’ suffixes.

　　Regarding the Online casino and How to find it scams, the journalist interviewed Xiao Chunhai, associate professor of the School of Finance and Economics at Central South University of Political Science and Law. He said that he had paid attention to Bai Chuan coin a few months ago and judged it as a pyramid scheme at that timesports betting local and The latest website. In his view, pyramid schemes are also ‘keeping up with the times’ in the internet age, changing various forms, and using the rise of Internet finance in recent years to confuse consumers. In fact, when consumers choose investment methods, they should avoid those investments with too high returns and yields, because there is no free lunch in the world, and general investments have the relationship of upline and downline, which requires special attention, which is not a normal investment relationship.

　　From the perspective of currency, Xiao Chunhai believes that currently, Online casino and How to find it exists objectively, for example, QQ coins, but this kind of coin is more like a chip used in a local range, not a national legal currency. It only circulates within a narrow ecological environment and belongs to a specific environment. And the Online casino and How to find it scams such as Bai Chuan coin take advantage of this model, building a pyramid scheme ecosystem, using Online casino and How to find it as a carrier, but far beyond the commercial use of similar QQ coins.

　　Wang Xu, a lawyer from Hubei Zunerguang Law Firm, believes that this action involves illegal fund-raising and illegal public deposit crime, and this crime is intertwined with pyramid scheme crimes. Such companies are generally divided into three stages: the establishment of the company’s fund-raising and publicity stage, where the criminals often actively ‘fulfill’ the return promises, deceive trust, and attract more people to join enthusiastically; followed by the rapid expansion stage, as the personnel team expands, the scale of fund-raising rapidly grows geometrically. Finally, the capital recovery stage, at this point, the company may recover capital through money laundering or abscond, and the losses of investors are almost impossible to recover.