LianDeDe note: Since the birth of Bitcoin, online casinos and how to find them have begun to enter the public’s field of vision, gradually becoming a new aristocrat in the investment market. However, in practice, there are not a few cases of illegal fund-raising or network pyramid selling under the guise of online casino and how to find them. In order to clarify the套路 of such crimes, the LianDeDe App editor has started to monitor, warn, and compile a list of pyramid coins recently.

　　Pengpai announced at the end of May 2018 that a court investigation found that 337 pyramid scheme leaders have been sentenced to prison, and they have deceived at least 10 billion yuan in RMB from tens of millions of investors, with more than half used by the pyramid scheme leaders for personal consumption and squandered.

　　To more completely reveal the scam map of pyramid coins, the research team of the Chainde.de App not only monitored the part of the pyramid coins that the court has investigated and filed, but also established detailed rules and standards to monitor, collect, and organize the details of more than a hundred types of pyramid coins exposed in the first half of 2018, including the occurrence time, pyramid scheme methods, involved amounts or numbers, covering Yuao coin, Tang Dynasty coin, Asia-Europe coin, treasure coin, radar coin, CNC nine stars, V treasure, BBT, Huaqiang coin, CB fictional currency, Shengle virtual currency, Morgan coin, Beta coin, Shentong Yuan, GSM, 20th Century Fox, YTC, Manfu coin, E coin, Long coin, Zhongtian coin, DGC shared coin, Hainai coin, Hel coin, Heishi coin, Kaibei coin, Kaoyuan coin, Khan coin, BGB, Mag coin, ITB, ROC, SMI, MMM, and a total of 100 different names of ‘Online casino and How to find it’.

　　The criminal tactics in these 100 cases are identical, their essence being ‘eating first and making up later’, and a pyramid scheme model with hierarchical transmission, a ‘passing the hat’ pyramid game, and the basic rules extracted by the research team of the Chainde.de App are as follows:

　　1. The leaders of pyramid schemes register shell companies and establish websites domestically or abroad, usually setting up charitable, financial, gaming, medical research, and other legitimate purposes to establish public trust.

　　2. Aggressively promote the value of ‘Online casino and How to find it’ through WeChat, QQ groups, lectures, and other forms, with some even accompanied by special public relations to whitewash online to dispel members’ doubts.

　　3. Attracting a large number of participants with the lure of ‘high returns’ up to a hundred times, the business model usually consists of ‘paying the entrance fee’, ‘recruiting people’, and ‘compensating team members for forming levels’, continuously absorbing membership fees to achieve the purpose of accumulating wealth, the specific form being:

　　1) Pay or change the entrance fee, that is, pay money to join before obtaining the ‘资格’ for compensation or developing subordinates;

　　2) Directly or indirectly develop subordinates, that is, to attract people to join, and organize them in a certain order to form levels;

　　3) Compensation is calculated from the sales performance of direct or indirect subordinates, or based on the number of personnel directly or indirectly developed for compensation or rebates.

　　4, Ultimately, the project often fails due to the lack of new members joining, and the members of the project cannot convert the digital tokens into cash, leading to a broken financial chain and the occurrence of the case.

　　From the earliest “HGC” Online casino and How to find it pyramid scheme case in 2009 to the recently uncovered pyramid scheme groups such as “barter currency” and “Treasure Network Performance Coin”, the number of such criminal cases has been increasing year by year. Due to the cross-regional nature of internet dissemination, it is very difficult to investigate and collect evidence, and local industrial and commercial departments can only supervise pyramid activities within their jurisdiction, and cannot cut off the source of national pyramid schemes, allowing some pyramid teams to take advantage of this and even commit crimes multiple times.

　　The ChainDD App will also closely monitor the dynamics of pyramid coins starting from today, timely disclose the list of suspected pyramid coins’ “Online casino and How to find it”, and regularly summarize. The following is the compilation of pyramid scheme fraud events in the first half of 2018 completed by the ChainDD research team, which includes the details of 100 major pyramid scheme coin events.

　　Considering the reading experience, this article is only a simplified version for the media public. The detailed report version will be uploaded to the ChainDD App and ChainDD WeChat Official Account (ID: ChainDD) in the near future for everyone to download.

　　1, MBI-Barter currency

　　MBI International Group claims to be a diversified asset management company, with Zhang Yufa as the president, whose ancestral home is Chaozhou and he is the third-generation Chinese in Malaysia.

　　The Zhang Yufa team launched an MFC game in 2015, turning barter currency into an Online casino and How to find it, claiming that there would be a return rate of more than double every year. Through online shopping and offline transactions, barter currency was circulated, and then through holding seminars for propaganda, they fabricated lies that investment in virtual currency would only rise and never fall, and lured subordinates with high returns. By July 2017, the membership scale of MBI’s pyramid scheme business had reached 4.8 million, with members investing hundreds of billions of yuan.

　　2, M3-Weidaoli

　　Weidaoli first appeared in 2012, claiming that by clicking a certain number of advertisements every day, one can make money. The pyramid scheme is similar to barter currency, and a membership fee of 3,000, 5,000, or 9,000 is required before joining the organization. If you can recruit others, you can also receive a commission.

　　3, Dark coin

　　The山寨 “dark coin” first appeared in 2014, jointly created by Du Ling and Liu Xiong, residents of Hong Kong. To support the false “dark coin” investment, they established Dashcon Intelligent Technology Co., Ltd. in Hong Kong.

　　It is worth noting that the山寨 “dark coin” website established by Liu Xiong and others has no connection with the real “dark coin”. It merely takes advantage of the reputation and value of “dark coin” to carry out extensive propaganda, with the purpose of confusing the public. (The real dark coin has been renamed to Dash-Dashcoin)

　　From August 2014 to the end of March 2015, in just 8 months, over 30,000 members were developed in mainland China (calculated based on cumulative registered accounts). Before the case broke, Dangan Company’s daily income reached tens of millions of yuan, with the total涉案 amount nearing 1.5 billion yuan.

　　4, AC Asian Coin

　　In September 2014, with only an elementary school education, Xiang collaborated with Guo, a software developer, rented a server in Taiwan, and packaged the AC compound interest system as a national enterprise dedicated to Internet financial research and innovative wealth management, named ‘Yacoin Group’.

　　Through word-of-mouth between acquaintances and the rapid development of offline ‘college’ training, Xiang constantly convinced his relatives and friends to invest and become members, leading to over 30,000 people being involved, with the涉案 amount reaching over 10 million yuan.

　　In October 2015, the amount in Xiang’s account reached over 4.6 million yuan, and other core members made profits ranging from 1.8 million to 600,000 yuan. Finally, due to the mass aggregation of over 20,000 people in the ‘AC Rights Protection’ group, who communicated and learned more and more inside information, they reported to the police.

　　5, Xingjun Coin

　　The套路 of ‘Xingjun Coin’ is similar to that of the aforementioned ‘Dark Coin’. It was originally a foreign lottery and How to find it, but was wildly exploited by domestic lawbreakers to make huge profits.

　　The山寨 ‘Xingjun Coin’ first appeared in April 2016. Through false propaganda that promised high returns, the suspects sold ‘mining machines’ using the pyramid scheme method of ‘pulling heads’, which automatically produced ‘Xingjun Coins’ and registered ‘Xingjun Coin’ members, thereby developing a large number of downline members. The upline collected 3% to 22% of the downline investment amount as commission each time. The entire network had more than 150,000 registered members across the country, with the涉案 amount reaching over 10 million yuan.

　　6, Jinyuan Shopping Alliance Electronic Currency

　　Initially, Jinyuan Shopping Alliance was a website that used Online casino and How to find it to hype virtual stocks, with servers located in the United States and established by Li Bozhong and Li Mingxin. In January 2011, it opened on the Internet, targeting the Chinese public.

　　From April 18, 2011, to May 7, 2012, this pyramid scheme network, using the Shanghai Huansun platform, collected a total of 14.2519 million yuan from members for pyramid schemes, involving more than 30 provinces, autonomous regions, and municipalities across the country, with more than 16,000 people being deceived, with most of the funds transferred to 8 bank accounts under the control of Li Jie.

　　7, Changjiang International Virtual Currency

　　Criminals registered shell companies at home or abroad and established websites, vigorously promoting the value of some fictional ‘online casinos and how to find them’. They concocted real projects such as gambling, entertainment, and medical care, using the lure of ‘high returns’ up to a hundred times as a hook, encouraging members to earn returns through ‘headhunting’ methods such as expanding the market and sharing with others, continuously absorbing membership fees to achieve the purpose of accumulating wealth.

　　8, Jileba

　　From October 2013 to April 2014, ‘Jileba’ claimed to be a virtual investment and wealth management online game platform. After paying a certain amount of money, one could become a member. Later, to obtain more rebates, members vigorously developed personnel to join ‘Jileba’ in various places, frequently holding several lectures in various teahouses, country resorts, and other places, with each session involving dozens to hundreds of people.

　　By the time the case broke out, over the past half a year, more than 300 people had participated, with downline levels reaching above three layers, and according to the confession of the main suspects involved, the collected ‘membership fees’ reached over 4 million yuan.

　　9, Weishi Media electronic currency

　　Weishi Media’s electronic currency began to promote extensively in 2014, using the labor of lighting up advertisements as a form of work and offering a high return of 12 yuan in 1200 days of investment and 240 yuan in 36,000 days of investment as labor compensation to deceive victims.

　　He claimed to be a 100% owned subsidiary of the global famous mobile marketing company IAB in the Asia-Pacific region, operated by Hong Kong Weishi Media, and had business dealings with more than 1,300 companies in 89 countries and regions in Asia-Pacific, North America, and Europe, serving across various major fields such as finance, oil, chemicals, high-tech, food, and automotive.

　　10, Dividend points currency

　　In the second half of 2014, Zhang Zhangjia used his established Xuzhou Yingshuo Biology Technology Co., Ltd. as a platform, developed members under the pretext of selling products such as deep-sea fish oil, flower bean, vegetable soup, insect insulin, and youth fixation essence, with the依托 of a website-based 10,000-store chain internet store. He required participants to purchase goods for at least 10,000 yuan to obtain membership, lured participants to continue to develop others to participate, and deceived them for money.

　　By the first half of 2015, 34 people had participated in the pyramid scheme organization, with levels above three, among whom Zhang Zhangjia played a role in organization and leadership in this pyramid scheme activity.

　　11, Virtual coins

　　In October 2014, although Li Feng, at 38 years old, only had a junior college education, he wanted to do big business very much. Therefore, at the end of 2014, he established the ‘Chief Company Member Management Platform’ website and sold ‘virtual coins’ through this platform. After purchasing, one could become a member, and the more downlines developed, the more commission was earned.

　　Using this platform, Li Feng collected a total of 607,353 yuan in public deposits. To attract more people to invest and become members, Li Feng registered Beijing Times Chief Investment Company in Fengtai District, Beijing, in mid-May 2015, and raised 1.69 million yuan through this event.

　　However, Li Feng, due to the poor operation of the company he invested in and the break in the capital chain, borrowed money at high interest rates and absorbed deposits of 940,000 yuan from members to save the company. Later, due to some victims discovering that they were deceived and reporting to the public security authorities, the case broke out.

　　12, HGC

　　This is the earliest Online casino and How to find it pyramid scheme case in our country.

　　In 2009, when Zhong Moucheng was a member of the ‘Guangya’ pyramid scheme organization, he learned the organization’s pyramid scheme model of ‘developing downlines through the sale of network phone cards’. He then partnered with others to establish HGC Hong Kong Ruihua Company, built a communication website to sell phone cards, and set up an Online casino and How to find it on the trading website, which was the only Online casino and How to find it circulated within the pyramid scheme organization.

　　Ruihua Company implemented a ‘member’ system, requiring online registration and registration as a member before purchasing a network phone card package. New members must log in to the company website using the username and password of an existing member before they can register. After registration, members have cash accounts and electronic currency accounts, where the money in the cash account can be converted into electronic currency, and members can only use electronic currency to purchase network phone card packages.

　　Starting from March 2011, the pyramid master Zhong Cheng had a rapid increase in funds obtained, the amount of crime reached over 36 million yuan, and was used extensively for personal car purchases, house purchases, real estate investment, and consumption waste.

　　13, COA

　　From January to July 2014, Li Hongzhao, with only a high school education, invested 10,000 yuan through Lu Yunlong’s introduction, and registered as a member of ‘COA British Cooperative Bank’.

　　Later, Li Hongzhao started to promote the online ‘COA British Cooperative Bank’ that could yield high profits, and promised that a credit card could be obtained within a certain period, with a credit limit three times the cash paid when joining as a member. New members could earn a 8% bonus for developing new members, and uplines could earn a 5% bonus for developing new members.

　　In the end, it deceived more than 30 people to participate in pyramid schemes, and the level of this pyramid scheme was above 3 levels.

　　14, LFG

　　In the second half of 2010, Song Lina registered a company in Australia named ‘LFG’, establishing a pyramid scheme based on the LFG website as the依托 and platform, with the lure of original stock appreciation and high returns for downlines joining after enrollment, attracting others to pay fees to join.

　　To smoothly promote the operation of the LFG project, Song Lina, together with other partners, was responsible for market promotion, development of downlines, publicity, planning, website maintenance, writing copy, and external promotion, and at the same time, she hired an Australian named AMBROSE (Chinese name: Wu Daoxiao, on the run) to act as the president of LFG company.

　　In the end, LFG company raised about 40 million yuan, after deducting over 10 million yuan as returns, Song Lina used about 10 million yuan to buy Hong Kong California Garden San Diego No. 2, several hundred thousand yuan to buy antiques, and the rest for the World Chinese Entrepreneurs Convention, etc.

　　15, SRI

　　On November 20, 2011, Lin Hongmiao invested 10,000 yuan online to find someone who specializes in registering network companies, and used a fake ID named ‘Qu Weiqi’ to register as the legal representative of the company, establishing ‘SRI International Investment and Financial Management Company’.

　　After the company was established, Lin Hongmiao bought a ‘SRI’ company financial management network system for 5,000 yuan from a person named Huang Ming from Fujian Province (identity unknown) online. By organizing and promoting online, with high returns as bait, she encouraged netizens to buy game tokens for investment.

　　By September 2013, the entire ‘SRI’ company had developed more than 29,000 member registration IDs, with over 8,000 members involved in profit returns and bonus rewards. Lin Hongmiao directly or indirectly received传销 funds and profits of more than 9 million yuan by requiring participants to pay fees and taking a commission from the transaction amount.

　　16, Bismall

　　As early as 2016, in a case judged by the Jiang’an County Court of Sichuan Province, an online investment project named ‘bismall’ was carried out by illegal elements relying on a network mall, encouraging members to develop downlines to buy the platform Online casino and How to find it, with the purpose of accumulating wealth.
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　　17, AHKCAP

　　In April 2012, Lu Yihui, together with Gaofeng and others, opened the Australian Huojin Finance website (hereinafter referred to as AHKCAP website) at www.ahkcap.com.au according to the model of the pyramid scheme website ‘SMI’ and vigorously promoted the development of members on the Internet.

　　After October of the same year, the AHKCAP website was operated by Gaofeng alone. The pyramid scheme website promoted ‘Purchasing game tokens to obtain network registration, recommending the development of downlines to obtain direct recommendation awards, collision awards, leadership awards, and permanent dividends’, selling online global game tokens of the AHKCAP website, and forming levels in a certain order, either directly or indirectly becoming its downline. It developed over 20,000 registered accounts, with 135,136 units, and over 6,000 participants.

　　The website requires a minimum registration fee of 680 yuan per unit, with a total涉案 amount of over 90 million yuan.

　　18, CPF

　　At the beginning of May 2015, the pyramid scheme leader Liu Wei, with only a high school education, joined the ‘CPF Online casino and How to find it Intelligent High-frequency Trading System’ by purchasing 11 virtual shares through introduction.

　　It is noteworthy that the system does not operate any physical goods. Under the name of ‘Internet Finance’, it requires participants to obtain membership qualifications by purchasing virtual shares and to form levels in a certain order. The number of personnel developed is directly used as the basis for remuneration or profit returns. It is stipulated that each person can purchase a maximum of 22 virtual shares to entice participants to continue to develop others.

　　In order to obtain illegal profits, Liu Wei rented a store near Jinguang Supermarket in the Yangxia District of Hegang City for CPF Online casino and How to find it trading activities. By July 23, 2015, Liu Wei had developed over thirty downlines with more than three levels.

　　19, Yifen

　　In September 2015, unemployed resident Zhang San was introduced to join the pyramid scheme organization of ‘Huan Shi Group Yifen Project’ and began to engage in pyramid selling activities in the Nantong area in October 2015. The ‘Huan Shi Group Yifen Project’ attracted others to join by using ‘Yifen’ Online casino and How to find it as a carrier. From September 2015 to December 2015, the pyramid scheme leader was in the Nantong area, with a涉案 amount of over 300,000 yuan.

　　20, K currency

　　In October 2014, Ran Jinfu, who only had a junior high school education, together with Wang Weiyong and Liu Lichao, developed the ‘Can Have Multi-dimensional Life Network’.

　　This ‘Can Have’ is a network trading platform website where consumers need to register and fill in the referrer on the ‘Can Have’ website or mobile APP in order to obtain an account and become a regular member. According to the superior and subordinate relationship between the referrer and the referee.

　　21, R currency

　　From July 2013 to May 2014, Luo Yuling conducted investment promotion in the name of the Sichuan area responsible person of ‘Hong Kong Emperor Jinfu Group’. In addition, Luo Yuling promoted the above investment projects through the introduction of friends and the holding of publicity meetings, developed subordinate investors, and developed 60 subordinates, involving 6 levels and an amount of 143,000 yuan.

　　22, Baichuan currency

　　Starting from June 2015, Yang Hao (alias Yang Juntao) established Fujian Baichuan Currency Network Technology Co., Ltd., and promoted electronic virtual currency – Baichuan currency on the Internet.

　　The participants are required to register and develop members on the Baichuan currency network platform (www.bcb800.com) in the form of a minimum of 800 yuan per order. After becoming a member, they can continue to develop subordinates and use the number of members developed as the basis for rebates. Through the above hierarchical structure, headhunting, and earning rewards, pyramid selling activities are carried out, and now more than 900,000 members have been absorbed, and a multi-level pyramid selling activity has been formed.

　　23, K-Key

　　K-Key, originally a physical medium provided by the Agricultural Bank of China for storing customer certificates and private keys, resembling a USB flash drive, also known as USB-KEY; but it is often used by pyramid selling or direct selling organizations for cash withdrawal or transfer.

　　24, Richunbao

　　In 2015, Lu Faming (on the run) established Yancheng Richunbao Enterprise Management Co., Ltd., and opened the Yancheng city office of Richunbao Enterprise Management Co., Ltd. in room 1208, Jinying 2 Business Building, Yancheng City in December 2015.

　　This studio uses the name of promoting the ‘Asia currency’ investment project as an online casino and how to find it, requiring participants to purchase Asia currency at a price of 1500 yuan per order to obtain the qualification to receive dividends in the account, and to form levels according to the order of joining and the arrangement of superior personnel. The number of personnel developed by each person is used as the basis for rebates, luring participants to continue to develop others to invest. As of May 2016, the company has developed 10 levels with 47 people.

　　25, Red Pass currency

　　Red Pass currency first appeared in 2012, and Red Pass Company stipulates that online stock trading requires the use of ‘Red Pass currency’ as an online casino and how to find it. The personal ID card, mobile phone number, QQ number, and money for purchasing stocks are required to open an account. When the stock listed by the user is sold by the system, a 5% handling fee is deducted from the company, and the remaining amount is profit. In addition, the minimum purchase amount for Red Pass Company’s stocks is 660 yuan, and the maximum purchase amount is 12,540 yuan. In addition, 110 yuan of advertising fees must be paid monthly. The more promotion and development, the more money given to the promoters.

　　26, 雷恩斯电子货币

　　In July 2015, after Zhang Baoming arrived in Xining City, he colluded with others to publicly claim the ‘Rains Virtual Electronic Currency’ project, stating that this project is a new electronic currency method from the United States, which is currently recruiting 25 million members and will be listed on the NASDAQ in the United States.

　　From July to December 2015, Zhang Baoming organized and promoted the ‘Rains Virtual Electronic Currency’ in Qilin Bay and the 22nd Middle School in Xining City, developing and forming a network of more than 130 people, reaching the 9th level.

　　27, 环球贝莱德一号理财币

　　In October 2014, after Huang Moujia purchased 135,000 yuan of virtual currency through the Internet, he registered an account on the Internet in the name of ‘Hong Kong Global Financial Investment Group’ to join the ‘Global BlackRock No. 1’ financial management model.

　　To obtain benefits, pyramid scheme leaders develop subordinates in a way of headhunting and profit-sharing, and then sell virtual currency to subordinates to obtain profits, so that subordinates continue to develop others to join this model. By August 2015, Huang Moujia developed more than 70 people to join members in Beilin District, Suihua City.

　　28, 格拉斯贝格

　　Grasberg first appeared in 2014, and was initially packaged as an online ‘Grasberg’ financial management project.

　　After each member collects the investment money from the subordinates, they can use the electronic currency in their account to register new members, or trade the electronic currency they have obtained through this website with others, thereby obtaining illegal profits.

　　As of the time of the incident, one pyramid scheme leader, Wang Wenxia, lured 43 people to participate in the ‘Grasberg’ financial project and reached the 11th level. Later, due to the lack of new subordinates joining this project, the members of the project could not exchange the electronic currency for cash, and the incident occurred.

　　29, BCI

　　This is also a pyramid scheme fraud using celebrities. The BCI gold bullion investment and financial management project, publicly claimed to be founded by Li Ka-shing, requires only 1,500 yuan to become a company member, and after registration as a member, there are two profit models.

　　From December 2015 to March 2016, more than a few people joined successively, with 100 people or more at the level of 3 layers or above, and illegal profits of 377,000 yuan.

　　30, M币

　　In November 2013, Deng Mou and Bin Hengmei were introduced to purchase the online casino and How to find it (also known as M币) issued by the Malaysia MBI International Group, with investment amounts ranging from 100 to 5,000 US dollars. This formed a pyramid-like arrangement, developing subordinates to attract new members below, and could receive a 10% direct referral bonus from the company, which only rewards one level, forming two lines to walk on both sides, balanced, and can also receive a 4% leadership bonus and a 10% collision bonus from the company. Both awards only reward up to 6 levels, and so on. Subordinates developing have profit commissions, the more developed, the more the commission.

　　31, Yi Coin

　　Yi Coin is a type of Online Casino and How to Find It that can be consumed within the ‘Xinweilai Internet Platform’ (must be used with the Renminbi). It was established in June 2015, with its headquarters in Shijiazhuang,

　　The Xinweilai Internet platform is free to join. After becoming a member, one can earn points by online sign-in. Points are distributed to members in the form of Yunyi coins. Members can obtain promotion opportunities after developing sub-members, increase shopping limits, and can use cash and points to purchase goods at the demand pavilion or Dahanjian Business Center, with 100% of the shopping amount returned to members within half a month.

　　32, EV Coin

　　The EV Coin product project, launched by the ‘BFG’ Group Company in December 2015, is an Online Casino and How to Find It. It is divided into silver card members, gold card members, and diamond card members according to the amount of investment funds. Members of different levels can obtain static returns, and those who develop sub-members to invest in and purchase ‘BFG’ Group Company’s EV Coin products can also obtain dynamic returns (recommendation rewards and collision rewards).

　　As of May 2016 when the website was closed, Yang Qingtao had directly or indirectly illegally absorbed at least 978,400 yuan in funds for the ‘BFG’ Group Company.

　　33, Performance Coin

　　Criminals registered shell companies at home or abroad and established websites, vigorously promoting the value of some fictional ‘online casinos and how to find them’. They concocted real projects such as gambling, entertainment, and medical care, using the lure of ‘high returns’ up to a hundred times as a hook, encouraging members to earn returns through ‘headhunting’ methods such as expanding the market and sharing with others, continuously absorbing membership fees to achieve the purpose of accumulating wealth.

　　34, FIS

　　In 2016, Chen Weijuan and Zhou Minyan introduced themselves as the ‘FIS First World Gold Mine’ platform to local residents in Xianju County, Zhejiang Province, and invited lecturers to Xianju to teach investors about the FIS project. New members recommended could receive corresponding proportional recommendation awards, collision awards, and were also told that investors could recover their investment within three months and obtain five times the investment amount within six months, luring others to develop sub-members with high returns and commissions.

　　Around April 2016 to around July 2016, Chen Weijuan developed 40 sub-members directly or indirectly through the aforementioned methods, with a hierarchy of about 10 layers, and collected more than 1.2 million yuan in investment funds from sub-members.

　　35, U Coin

　　In May 2014, Thai Enjoy Group established the U Coin Online Casino and How to Find It trading platform overseas, claiming that the U Coin project was legally operated and regulated, and investing in the U Coin project had the prospect of appreciation. At the same time, investors were encouraged to develop sub-members, and dynamic interests could be obtained according to the hierarchical order, luring investors to continuously develop sub-members. By February 2016, Li Guangchen had directly or indirectly developed 3,723 members in China, with a total investment amount of more than 74 million yuan.

　　36, ES

　　In 2015, Guangdong Wujie Business Alliance Co., Ltd. launched ‘Network Gold’, claiming that the total amount was constant and unchanged. As more and more members participated in purchasing gold积分, the gold积分 ES would rise in value due to scarcity. On the ES trading plate set up by the company, the price of ES积分 increased by about 2% every day.

　　According to police statistics, since the ‘Network Gold’ was launched in October 2015, it only took half a year to develop more than 500,000 members, involving 109 billion yuan in funds.

　　37, Cangbao Network Performance Coin

　　In June 2016, Li Quanheng and others introduced the ‘Cangbao Network’ platform system into Sichuan through Qiu Heping. The model of this platform is to obtain profits through virtual stock splitting and developing downstream personnel.

　　Qiu Heping joined the platform as a member and, in order to seek illegal gains, started to vigorously promote the ‘Cangbao Network’ platform through WeChat and other Internet channels at the beginning of 2017, and directly developed Ren Yujiong as a core downstream personnel. In order to develop more members to seek illegal gains, he continuously carried out publicity through WeChat, face-to-face lectures, and other means in Qionglai City.

　　By May 2017, Li Quanheng directly and indirectly developed 428 downstream personnel, and the other four传销骨干 respectively developed 100-428 people.

　　38, Hui’ai Electronic Coin

　　In December 2012, Huang Moujia registered Anhua Hui’ai Tea Industry Co., Ltd. in Hunan Province, which stopped operating due to poor management. Later, on August 18, 2014, Huang Mouyi entrusted Li Moumou of Guangdong University of Finance and Economics to develop and establish a network investment service platform for the company. After that, the company used the Internet, WeChat, and other channels to carry out publicity and develop others to participate.

　　Starting from August 2014, Hui’ai Company successively developed members in Hunan, Shandong, Zhejiang, Tianjin, Beijing, and other places. As of March 14, 2016, the system showed that there were 146,832 tea guests, 17,643 tea merchants, 5,639 intermediate tea merchants, and 754 senior tea merchants, with a total performance of 760,650,000 yuan.

　　39, Construction Plate Electronic Coin

　　In August 2013, Guo Zhongfei joined the ‘Yunshumao’ organization through an introduction by others, and later developed his wife Duan Bimei as his downstream personnel. The two used face-to-face explanations, WeChat, and other means to promote to others that the ‘Yunshumao’ company would go public and profit, the stock value would increase significantly with high returns, and it could create contemporary millionaires. Participants were required to pay 500 yuan, 1500 yuan, 3000 yuan, 40,000 yuan, 10,000 yuan, and other different single point fees to purchase the original shares of ‘Member Plate’, ‘Director Plate’, and ‘Construction Plate’, and to apply for ‘Yunshang Alliance Mall Cloud Card (A, B Card)’. By December 2015, the case involved more than 60 members, and the level had reached five layers.

　　40, Subsidy Coin

　　On August 1, 2014, Wang Qicai and partner Liao Zheng registered Hunan Nongxia Industrial Co., Ltd. with the Changsha Municipal Administration for Market Regulation. In May 2015, the server address was set in the United States.

　　Since members can benefit from developing subordinates and can benefit from the continuous development of multi-level subordinates, members continuously introduce others to purchase the company’s products to obtain company membership qualifications, and encourage and help their subordinate members to continuously develop new members.

　　To avoid the suspicion of pyramid selling, Wang Qicai required Jile Software Company to modify and screen the “network structure diagram, activated member information, remittance records, and other information” in the company’s member system before and after July 2015, and only display current month data. At the same time, to evade supervision, a dual financial system was adopted.

　　41, High-frequency Trading Coin (HFTAG)

　　In September 2014, Liu Hongjian organized others to engage in high-frequency investment activities, claiming that HFTAG Group was established in 2011, a transnational company with headquarters in the United States. The company’s propaganda was very magnificent, claiming that 70% of the stock trading was done by machines, using machine transactions in the stock market to take tiny profits instantly, and claiming that the Chinese market was launched in July 2014 and trading began officially on August 1, 2014.

　　Participants are required to pay a fee of 18,000 yuan or 19,800 yuan to obtain the qualification to join, and are organized into levels in a certain order, with the number of subordinates developed as the basis for rewarding, enticing participants to continue developing others to join, and defrauding them of property. As of August 2015, Liu Hongjian absorbed an investment amount of 43,128,000 yuan.

　　42, Happy Compound Interest Coin

　　In October 2014, Ma established an investment platform for “Happy Compound Interest Finance” through a network company in Guangxi (later renamed “K Coin Trading System”, with website addresses http://vip.kxsc88.com, http://kb.zstx100.com, and http://xgzs.kxsc88.com).

　　”Happy Compound Interest Finance” members, in addition to being able to obtain static income from the network, can also receive dynamic dividends, such as direct referral awards (rebates obtained by directly recommending people to join) and see-point awards (rebates obtained by subordinates who recommend people to join, up to nine levels), and other rewards to encourage members to develop more subordinates.

　　As of September 2015, Ma has illegally earned a total of 12,036,000 yuan, with 39,000 registered members.

　　43, KuaiLian Online Casino and How to Find It

　　In 2012, Kuailian Company, under the guise of marketing software systems, used the lure of gifting KuaiLian Online Casino and How to Find It, obtaining cooperative dividend income through linking merchants, and obtaining equity income through the company’s listing.

　　Participants are required to pay 498 yuan to become Mobile Business Members, 29,800 yuan to become Smart Website Builders, and varying fees from 100,000 to 1,000,000 yuan to become regional agents. They are organized into levels according to the recommendation relationship between superior and subordinate, and are directly or indirectly rewarded based on the number of people they develop. They entice participants to continue developing others to join, and defraud them of property. As of September 2015, the public security organs seized a total of 139,900 yuan from Kuailian Company.

　　44, 世华币

　　In this pyramid coin case, the pyramid master had tried to combine with a biopharmaceutical company. Li Hongying and Jiang Xiuying, the pyramid masters, were members of Shanghai Chunjitang Biotechnology Co., Ltd. In January 2016, to increase the income of Chunjitang customers, they proposed to operate ‘Chunjitang嫁接Shihua coin’, and Li Hongying and Jiang Xiuying could obtain a commission of 12% to 16%.

　　Later, due to the exposure of the Shihua coin fund-raising fraud incident, this plan was called off. At that time, it was widely rumored on the Internet that an investment of 50,000 yuan in Shihua coin could yield double the profit after more than 200 days.

　　45, 恩特币

　　In 2012, Gu Xinhua and Zhang Aiweng separately introduced that in the Xinhai District of Beihai City, Guangxi Zhuang Autonomous Region, they joined a pyramid scheme organization with the code name ‘Sunshine Project 1040 Capital Operation’ by paying a fee of 69,800 yuan.

　　Starting from July 2016, the pyramid scheme organization ‘1040 Project’ furthered its profit-making by fabricating information that purchasing ‘mining machines’ that can produce Online casino and How to find it ‘Entcoin’ can yield high profits, luring members of the organization to invest, and finally the涉案funds reached over 1 million yuan.

　　46, CPM

　　In March 2015, Wang Zhongxi ordered others to develop the ‘DEMWK’ membership system and rented servers to build the ‘DEMWK’ website to operate the ‘DEMWK Singapore Foreign Trade Import and Export Company’.

　　The company, under the name of issuing Online casino and How to find it CPM, required participants to pay different fees ranging from 700 yuan to 35,000 yuan according to different membership levels from one star to six stars to purchase activation coins to obtain the qualification to join. By August 2015, Zou Weirong had a total of 44 accounts on the沃客理财website, with 291 layers of downlines, directly or indirectly developing 55,065 members, and earning 1,854,222 yuan in profit.

　　47,克拉币

　　克拉币first appeared in Thailand, and since the pyramid scheme entered China in 2015, it has carried out illegal and criminal activities in dozens of cities across the country, and it calls itself ‘Five Army Capital’.

　　The ChainDD App editor noticed that there is indeed a five-army group in Thailand, which was established on January 7, 2014, with a registered capital of 5 million Thai baht, but the group does not have a subsidiary named ‘Five Army Capital’.

　　On June 7, 2016, at a mass launch conference held in Thailand, a marketing personnel said that the number of accounts opened has exceeded 60,000. If this number is true, even at the lowest account opening threshold of 7,000 yuan, at least 420 million yuan has flowed into the克拉币system.

　　48, Supreme Coin

　　In early May 2016, a company established an office in Zhuhui District, Hengyang City, with Wu Xiaojun as the person in charge. A new model of developing subordinate personnel by subscribing to virtual Supreme Coins was launched.

　　Members can exchange one Supreme Coin on the company’s website for 2.1 yuan in RMB, and can exchange small, medium, and large mining machines according to the number of Supreme Coins exchanged. Mining machines can obtain benefits from the company’s network, subordinate members’ investment amounts, mining performance, and management awards.

　　49, Wuhua Alliance Virtual Currency

　　Criminals registered shell companies at home or abroad and established websites, vigorously promoting the value of some fictional ‘online casinos and how to find them’. They concocted real projects such as gambling, entertainment, and medical care, using the lure of ‘high returns’ up to a hundred times as a hook, encouraging members to earn returns through ‘headhunting’ methods such as expanding the market and sharing with others, continuously absorbing membership fees to achieve the purpose of accumulating wealth.

　　50, Meisheng E

　　In October 2014, Shi Ying, Liang Yongjian, Luo Kaix, and eight others jointly launched the ‘Meisheng E’ online financial project after conspiring. They publicly promoted the project through various channels, claiming that ‘Meisheng E’ finance is a global Internet financial product launched by the British Meisheng Group, lured others to invest and join as members and continuously develop subordinate members with high interest rates and commissions as bait.

　　By July 2015, Shi Ying, Liang Yongjian, Luo Kaixin, and others directly or indirectly developed more than 240 subordinates under public accounts, with a level of eight, and the amount involved exceeded 22 million yuan.

　　51, Chinese Yuan

　　In 2016, Yao Qihong and 11 others, under the name of ‘Zhongxing Tongshou Company’, used the pretext of selling ‘Chinese Yuan’ and giving away SOD products, lured others to develop subordinate members continuously to obtain high returns by establishing member systems and bonus systems, deceived others’ property, and disturbed the social and economic order.

　　By the time of the case, the pyramid scheme organization had formed a member network covering Changde and all over the country, with a member level of over 500 layers in the background data, over 50,000 subordinate members, and a total amount involved of over 260 million yuan.

　　52, 米米Online casino and How to find it

　　Criminals registered shell companies at home or abroad and established websites, vigorously promoting the value of some fictional ‘online casinos and how to find them’. They concocted real projects such as gambling, entertainment, and medical care, using the lure of ‘high returns’ up to a hundred times as a hook, encouraging members to earn returns through ‘headhunting’ methods such as expanding the market and sharing with others, continuously absorbing membership fees to achieve the purpose of accumulating wealth.

　　53, FIS

　　By the end of March 2016, Zhou Minyan and Chen Weijuan actively promoted the ‘FIS First World Gold Mine’, and after Chen Weijuan returned to Xianju, she actively promoted the FIS project and invited lecturers to Xianju to teach investors about the FIS project.

　　From around April 2016 to around July 2016, Chen Weijuan developed 40 subordinates directly or indirectly in the above manner, with a level of about 10, and collected more than 1.2 million yuan in investment funds from the subordinates.

　　54, World Yunlian Cloud Coin

　　The ‘Yunbi’ pyramid scheme organization of ‘World Yunlian’ has made a ‘big move’. In this organization, after Wang Zhengzeng founded Shaanxi华尔道Investment Management Co., Ltd., he recruited many employees and established departments such as the Finance Department, Technology Department, Customer Service Department, Publicity Department, and Audit Department, with each department working together under Wang Zhengzeng’s arrangement to maintain the normal operation of the company.

　　The police introduced that Wang Zhengzeng is an extremely skilled manipulator, in order to make franchisees firmly believe in the company, he has decorated the office space rented in the bustling areas of Shenzhen and Xi’an with great luxury, with an annual rent of nearly one million yuan. Most franchisees were deceived by this illusion, thinking that they really have a successful career and are flourishing, to the extent that more than 4 million people in more than 20 provinces and cities across the country dream of getting rich and have invested in and joined the ‘World Yunlian’.

　　55, Life Coin

　　By the end of December 2015, Meng Wenyi participated in the investment of the Life Coin project and publicly claimed: Life Coin is the second generation Online casino and How to find it developed by Germany’s Rockstone Fund. If you want to invest in Life Coin, investors can register and purchase on the Life Coin official website, where the minimum amount a single investor has to pay is 600 yuan RMB to obtain the qualification to purchase 1,000 Life Coins and activate 1 mining machine. As of the end of May 2016, Yang no longer recycled the activated Life Coins in the investor accounts, the Life Coin investment chain collapsed, and a large number of investors suffered losses that could not be recovered.

　　56, Weica Coin

　　In June 2015, Su Yi and Zhang Xuan joined the Online casino and How to find it Weica Coin pyramid scheme through introduction. They used their Zhongshan East District Shuiyunxuan Fresh Ginger Shop as a pyramid scheme den, conspiring to promote and publicize Weica Coin, exaggerating the profit prospects and legality of investing in Weica Coin, concealing the fact that Weica Coin cannot be freely exchanged for real currency, and luring others to purchase ‘barcodes’ to register member accounts, thereby obtaining the qualification to join and continue to develop others to participate, forming an upper and lower level relationship according to the order of development, and using the number of people developed directly or indirectly as the basis for remuneration and returns, cheating for money.

　　57, Mark Coin

　　In July 2015, Yu and Yang joined the Norwegian Mark Coin pyramid scheme through the introduction of Yang Fangonline casino cheats and Just click to enter. They were enticed to participate by purchasing virtual Mark Coin chips for amounts ranging from 150 euros to 25,000 euros, which could participate in dividends and appreciation. The number of members developed and the amount invested by members were used as the basis for calculating returns, luring participants to continue introducing and developing downlines to form layers, ultimately developing more than 30 people to form three layers or more.

　　58, Shanxin Coin

　　Since 2015, Chen Xianfeng and others have drawn on the multi-level virtual capital pool model of Yun互助, instructing technicians to develop an innovative pyramid scheme that combines mutual assistance and gradient differential models – the ‘Shanxinhui Mutual Assistance Member System’ (also known as the ‘Shanxinhui New Economic Ecosystem’). As of July 24, 2017, Chen Xianfeng’s subordinate members had 13 layers with more than 7,000 people, having spent 3,363 good seeds, with 1 remaining, spent 22,063 Shanxin coins, with 1 remaining, spent 350,400 Shanxin gold coins, with 0 remaining, and the management wallet had spent 173,200 yuan, with 216,826 yuan remaining.

　　59, Wuji Coin

　　In May 2013, Wu and Pan established the Wuji Coin Group Co., Ltd. in Hong Kong and established the Wuji Coin website. The company has no actual business operations and operates under the guise of investing in the development of Wuji Coin and Online casino and How to find it. It has continuously expanded its downline through online promotion, lectures, and introductions in mainland China, organizing, planning, and developing Wuji Coin, and requiring new members to be recommended by senior members or to fill in the recommender’s information.

　　60, ATC

　　Criminals registered shell companies at home or abroad and established websites, vigorously promoting the value of some fictional ‘online casinos and how to find them’. They concocted real projects such as gambling, entertainment, and medical care, using the lure of ‘high returns’ up to a hundred times as a hook, encouraging members to earn returns through ‘headhunting’ methods such as expanding the market and sharing with others, continuously absorbing membership fees to achieve the purpose of accumulating wealth.

　　61, IPC

　　At the end of 2012, Ye Yingtong joined the ‘IPC International Group’ network传销 through introduction, and then developed Xie Mou, a resident of Sanli Town, Qintang District, Guigang City.

　　By September 2014, Xie 1 directly or indirectly developed at least 6 people to participate in the ‘IPC International Group’ network传销, absorbing and transferring a large amount of传销 funds to its superior Ye Yingtong. By the time of the case, the number of direct or indirect subordinates developed by the defendant Ye Yingtong had exceeded 30 and the level was above three.

　　62, Central Coin

　　In 2016, Wang Liang bought Zhongshan Digital Market Co., Ltd. from Li Mabao of Shengbao Group, and began to issue an Online casino and How to find it named ‘Central Coin’.

　　Zhongshan Company mainly promotes ‘Central Coin’ through holding recruitment conferences, sending lecturers to lecture in various places, and using the internet, WeChat platform and other methods to promote ‘Central Coin’, using the pretext of inviting others to buy ‘Central Coin’ to entice others to pay 6000 yuan, 18,000 yuan, and 60,000 yuan in three levels of membership fees to become the organization’s Gold Member, Platinum Member, and Diamond Member.

　　However, the ‘Central Coin’ has no actual value, and the price of the ‘Central Coin’ is controlled by Zhongshan Company through the backend, and members cannot profit from static rewards.

　　63, Five Elements Coin

　　In May 2015, Yan and Ding paid a franchise fee of 30,000 yuan to Ningxia Yunshumao Trade Co., Ltd. and obtained the company’s authorization, and then registered a branch of Ningxia Yunshumao Trade Co., Ltd. in Helan County.

　　By June 2017, the two had developed more than 30 subordinates directly or indirectly. Yan has illegally profited 6600 yuan, and Ding has illegally profited 6000 yuan. It is noteworthy that the ‘Five Elements Coin’ is only one of the methods in the ‘Five Elements Union’传销 organization.

　　64, Huai’ai Coin

　　In June 2011, Zhang Guojian joined the传销 organization Huai’ai Team of Liangbis Group (Hong Kong) Limited. The organization was named after selling essential oils, cosmetics, red wine and other products, requiring participants to pay fees and purchase goods to obtain the qualification to join, and then obtain the qualification to develop subordinates and personnel, and then use the number of personnel developed as the basis for remuneration or rebates. By December 2013, the number of people in this传销 organization was more than 30 and the level was above 3.

　　65, Navigation Coin

　　In June 2016, Qiu Pinghe introduced the ‘Cangbao Net’ platform system into Sichuan through the introduction of Li Quheng, Yan Xinrangling, and Qu Hongling. The model of this platform is to obtain profits through virtual stock splitting and developing subordinates.

　　After joining the platform as a member through Qiu Pinghe, in order to seek illegal gains, he vigorously promoted the ‘Cangbao Net’ platform through WeChat and other internet channels at the beginning of 2017, and directly developed Ren Yujiong as a core subordinate, and through means of communication such as WeChat and face-to-face lectures, reached more than 43 levels in Qionglai City.

　　As of April 2017, Li Quanheng directly and indirectly developed 428 subordinates; Yan Xinrang directly and indirectly developed 428 subordinates; Qu Hongling directly and indirectly developed 285 subordinates; Qiu Pinghe directly and indirectly developed 74 subordinates; Ren Yujiong directly and indirectly developed 67 subordinates.

　　66, Yu Ao Coin

　　In October 2017, Zheng某, Gou某, Zhang某, and other 9 people used the buzzword ‘blockchain’ to set up the ‘Consumer Era DBTC’ online trading platform on the Internet, fabricating so-called Online casino and How to find it as trading products, and used WeChat and network public accounts to push to the general public with the lure of high returns, recruiting people to register as members and pay funds.

　　Zheng某 expanded his influence by taking various methods to package and promote, such as hiring foreign men as the chairman of his subsidiary companies, branding himself as a ‘high-tech multinational corporation’ with foreign capital background, and holding promotional conferences in many places at home and abroad. Through these methods, the gang illegally amassed over 86 million RMB in less than 20 days from March 28 to April 15 before the case broke out.

　　67, Yun Ding Yunbi

　　In 2016, Yun Ding Yunbi began to promote vigorously in China, claiming to have the first electronic currency issuance license issued by the European Union globally, and to be composed of a world-class economist team. However, its incentive method was no different from pyramid schemes and was listed in the 350 pyramid scheme organizations announced by CCTV in 2017.

　　68, Asia-Europe Coin

　　In 2016, Asia-Europe Coin claimed to build the first brand in China for virtual lottery and How to find it. To attract more people to participate in purchasing ‘Asia-Europe Coin’, the cross-Asia Europe Company set up a ‘sharing income’ program, which means that by recruiting people to invest in ‘Asia-Europe Coin’, one could receive a return share. When the amount invested by the recruited person was sufficient, they could become an agent and enjoy returns at different levels.

　　In just one year, ‘Asia-Europe Coin’ attracted more than 40,000 participants, with the collected funds reaching over 4 billion RMB. Of the over 4 billion RMB involved, about 1 billion was used for high returns to members, about 2.7 billion for member withdrawals. Over 3 billion was illegally possessed by suspects Liu某 and Xia某Rong, and by the time the police net was set, the cross-Asia Europe Company was running at a loss.

　　69, Treasure Coins

　　In December 2013, Zhou某 joined the pyramid scheme organization of the American Mining Company (later renamed the United States Rich Group) and introduced the organization to the city.

　　Under the pretext of rewarding points (later renamed as Treasure Coins) for purchasing amber produced by the American Mining Company, and claiming that the points could be traded for profit, at least 6 subordinates were recruited to pay varying amounts of 13,000, 32,500, and 65,000 RMB as ‘membership fees’ to join the pyramid scheme organization.

　　By the time it was discovered on September 3, 2015, the传销 organization had developed over 100 members in Lin’an, with a level of 14 or more, collecting over 7.8 million yuan in传销 funds, and Zhou obtained over 100,000 yuan in illegal profits through ‘direct referral awards’, ‘collide awards’, and ‘market subsidies’.

　　70, Radar Coin

　　Since the radar system was issued in July 2014, it is said to have a high yield of 5% per month, with an annualized return of up to 60%-80% (compound interest).

　　To motivate more people to participate, the radar system introduced a promotion power mechanism. As long as you promote, it is equivalent to a bank’s deposit, distributing dividends to us every day without harming or distributing any benefits to new friends. Currently, some people in China have achieved an increase of over 800 radar coins per day through team accumulation and multiplication.

　　71, CNC

　　In 2016, CNC emerged, claiming that the CNC Nine Star International Mutual Assistance Alliance was a new financial model of CNC, combining mutual financial assistance, medium-term online casinos and how to find them, and the mall and currency listing.

　　The mutual assistance amount of the Jiuxing Mutual Media is 2000-20,000 yuan, divided into nine stars. Each member will receive a daily 2% mutual assistance fund. On every even date, members have two opportunities to participate in click lotteries, each with a reward of 1000 yuan. After each round of mutual assistance, the level will rise one star.

　　72, Tang Dynasty Coin

　　Criminals registered shell companies at home or abroad and established websites, vigorously promoting the value of some fictional ‘online casinos and how to find them’. They concocted real projects such as gambling, entertainment, and medical care, using the lure of ‘high returns’ up to a hundred times as a hook, encouraging members to earn returns through ‘headhunting’ methods such as expanding the market and sharing with others, continuously absorbing membership fees to achieve the purpose of accumulating wealth.

　　73, Vbao

　　In July 2014, after Vbao (also known as Vpal) was launched, the organizers began to promote it vigorously, claiming that Vbao was the new generation of online casinos and how to find them. After purchasing and holding Vbao, one would receive corresponding computing power, which could obtain corresponding Vbao currency returns.

　　But unlike other online casinos and how to find them, Vbao’s main promotional channel was not online but offline promotion; unlike the earliest players of Bitcoin and others who were mostly from the financial and IT industries, Vbao’s audience was mainly entrepreneurs, individual merchants, and middle-aged people, especially prevalent in the regions of Jiangsu and Zhejiang.

　　During peak periods, Vbao’s daily trading volume exceeded 300 million yuan, and by the time of the incident, the number of players involved in Vbao reached as many as 100,000.

　　74, BBT

　　When BBT appeared in 2015, it claimed to be an Online casino and How to find it investment project, claiming that investing 800 yuan could enjoy permanent benefits.

　　The promotional materials of BBT gold coins show that its income model mainly has two types: static income refers to the production income of the minting machine. One minting machine produces 8 coins a day, of which 65% (5.2 coins) accumulate to 100 coins to be redeemed into RMB (1 coin = 1 ￥), and 35% (2.8 coins) are called gold seeds (exchanged one-to-one with coins), which accumulate to 800 coins and can automatically purchase one minting machine. Dynamic income refers to the “bonus” obtained by recommending members, where a direct recommendation earns 100 coins, plus a 10% production income from 10 generations within, the rule is to recommend 1 person for 1 generation, recommend 2 people for 2 generations, and so on, up to 10 people for 10 generations, with a ceiling of 10,000 coins a day! This is a typical pyramid scheme —— recruiting people to gain benefits.

　　75, Huqiang Coin

　　In March 2015, Zhang Chunchu, Zhang Luyang, Zhao Yun, and others, promoted the “Huqiang Coin” project in room 10623 and 10625, building A of Galaxy SOHO in Dongcheng District, Beijing. Zhang Chunchu, under the name of equity crowdfunding, signed agreements with participants, requiring participants to pay 10,000 yuan to obtain shareholder qualifications, and required participants to continue to develop subordinates, taking the number and level of subordinates as the basis for rebates.

　　Before the case broke out in May 2015, the number of participants in equity crowdfunding reached over 490, and it had formed more than 3 levels, with a cumulative amount of传销 funds of over 4.9 million RMB.

　　76, CB fictional currency

　　　In April 2015, Gan Mouyi, Yue Mou, and Cui Zhanjia, among others, established Zhuhai Zhanjia Asset Management Co., Ltd., taking advantage of Cui Zhanjia’s identity as the chairman of the board of directors of CB International (Hong Kong) and AIIB International (Hong Kong).

　　Under the circumstances that it has not obtained approval from relevant departments to absorb funds, it launched the “CB Global Wealth Creation Plan”, promising customers a daily return of 1% of the investment amount from Monday to Friday, and members who introduce and develop customers for investment can get a 10% introduction fee from the investment amount of the customers. It adopts the methods of holding promotional meetings and playing promotional videos to widely publicize to the general public, attracting a large number of people to invest and become members of the company.

　　77, Shengle Virtual Currency

　　Shengle Investment Co., Ltd. (hereinafter referred to as Shengle Company) has no business registration and filing in China, and the “Shengle original shares” it sells have not been approved by the China Securities Regulatory Commission.

　　Members register for membership accounts and apply to join through the fake Shengle company website “cn.shengle.cn”, and members are divided into four levels, namely one-star to four-star, with membership fees of 500 US dollars, 1000 US dollars, 2000 US dollars, and 4000 US dollars, with a conversion rate of 1:7 from US dollars to RMB. After members register their membership accounts, the cash paid is displayed in the form of virtual electronic coins on the Shengle company website and used for stock transactions (1 US dollar is equivalent to 1 electronic coin).

　　78, Morgan currency

　　JPMCOIN Morgan currency was born on November 1, 2014, and operates globally. It is a point-to-point electronic currency that does not require a central institution and the transaction transfer party does not rely on a trust mechanism.

　　The income model is approximately as follows: static income, derived from the so-called ‘cloud mining machine’ virtual machine, investors can purchase one virtual machine (i.e., one account) for 1000 yuan, and the lifespan of one cloud mining machine is 200 days. Dynamic income is 10% of the daily output of the first recommended player, 10% of the daily output of the second recommended player, and so on. By recommending 10 people, you can get 10% of the daily output of 10 generations of members, with a maximum of 10,000 yuan, which is also known as earning ten thousand yuan a day.

　　79, Betacoin

　　After ‘Morgan currency’ was reported as a pyramid scheme, on November 15, 2015, the Jpmcoin Morgan currency system was officially renamed to Betacoin Beta currency and entered the Chinese online casino and How to find it market. The business model is still similar to Morgan currency, using WeChat Moments for fraud, mostly starting with relatives and friends, promoting high returns, spreading chicken soup articles, weaving dreams of wealth and fortune, and under the guise of online casinos and How to find it and static benefits, the main purpose is to attract people to join and attract a large number of people to become members of Betacoin.

　　80, Shitongyuan

　　At the end of 2012, Ye Yingtong joined the ‘IPC International Group’ pyramid scheme through introduction, and then developed Xie 1 from Sanli Town, Qintang District, Guigang City, as his downline.

　　Starting from the end of 2012, Xie 1 used the name of promoting the ‘IPC International Group’ B plan and jewelry plan project, invested in ‘Shitongyuan’ and other online casinos and How to find it, as an incentive, promised that after investing 18,870 yuan or 16,900 yuan, investors could obtain a high dividend every month. In Qintang District, he vigorously developed others to join the ‘IPC International Group’ pyramid scheme. The remuneration is based on the direct recommendation of one person to obtain a commission of 960 yuan, and the recommender to recommend others to obtain a leadership award of 16 yuan, forming a hierarchical relationship between upline and downline.

　　81, GSM

　　The Jubaofinancial Group (English abbreviation: GSM) emerged in April 2015, claiming to be registered in Panama and headquartered in Chicago, a large foreign exchange investment enterprise with a registered capital of 1 billion US dollars overseas, and has obtained the financial services license from the Australian Securities and Investments Commission (ASIC).

　　The promised return rate is extremely high. Taking the minimum investment amount of 2000 US dollars as an example, investors can obtain a return of 8% per month within 18 months, an additional 8% commission for developing subordinates, and at least a 5% transaction interest rate return per month. The higher the level, the higher the return rate will be. If the investment amount is 10,000 US dollars for the third level, after 18 months, the return rate has reached 600%.

　　But just one year later, ‘Jubao Financial’ evaporated, and the amount involved reached 400 billion yuan.

　　82, 20th Century Fox

　　This pyramid scheme case is a typical case of using the name of foreign companies to deceive domestic investors.

　　On December 9, 2014, there was a company on the Internet that called itself ’20th Century Fox Global Film and Television Investment Group’, issuing a ‘Film and Television Cultural Asset Package’ to the public. It claimed that this is a financial derivative of cultural and artistic products, a combination of funds and stocks, and investors can obtain increased dividend income by investing in the film and television works asset package.

　　83, YTC

　　YTC originates from Malaysia, and it claims to be affiliated with BCM Financial Holding Group Co., Ltd., the company’s name is BCM (BLUE CHIP MARKET means blue chip market), and its parent company is Hong Kong Yintai Financial Holding Group.

　　It claims to have an app store, an electronic wallet, point-to-point transactions, the platform and mining system are mutually converted, mining reaches a certain amount of Yuan Coin Network (already connected) register for free to send a mining machine, directly share members to obtain 5% of the computing power dividend (recommenders of micro mining machines directly share to obtain 2%)

　　84, Wanfu Coin

　　This is also an event where a pyramid scheme team committed multiple crimes.

　　In 2014, a Chinese-American named Liu Mou founded the United States Future City, with its headquarters located in Los Angeles, United States. The company sold virtual lottery and How to find it under the name of internet sales, and specially targeted Chinese people for pyramid scheme fraud activities.

　　In April 2014, Liu Mou, Pei Mou, Yan Mou and others carried out online pyramid scheme activities under the name of selling virtual lottery and How to find it ‘Network Gold’, developing several hundred thousand members in the mainland of China;

　　In August 2015, after the three of them parted ways due to unequal profit distribution, Liu Mou then cooperated with Ran Qijun from Chongqing to carry out the virtual lottery and How to find it ‘Tianhe Points’ pyramid scheme activities in the mainland of China.
online casino localJust need you
　　On March 5, 2016, Liu Mou launched the virtual lottery and How to find it ‘Wanfu Coin’ pyramid scheme project. By April 27, 2016, when the public security organs seized it, in less than two months, this pyramid scheme project had absorbed more than 130,000 members and疯狂地 collected nearly 2 billion yuan in pyramid scheme funds.

　　85, Easy Coin

　　The initiators of Easy Coin are Yu Moumou and his ‘Zhejiang Wulian’ Technology Co., Ltd.

　　On March 22, 2016, they specially established Zhejiang Guofu Yitong Information Technology Co., Ltd. for market promotion. The company is located in the Yongkang headquarters center, supported by the fictitious listed company. In its external publicity, the China Net Super project is authorized by the National E-commerce Application Talent Training Project Office, and is a people’s livelihood project entrusted by the Central Five Ministries, ‘Easy Coin’ is the first lottery created by China and How to find it.

　　86, Dragon Coin

　　Dragon Coin (abbreviated as: DT) is a token issued by DragonEx based on the Ethereum ERC20 standard. Each Dragon Coin stored on the platform enjoys the right to project dividends. Its business model is similar to most pyramid scheme coins, combining static and dynamic income.

　　87, Zhongtian Coin

　　In February 2017, Liu Yuanjun, along with Li Junyi, Ding Haibo, Li Xianghua, and 10 others, set up a website on the Internet, organized teams to develop members through online and offline promotion of the ‘Xingzhongtian Mutual Aid Platform’, and conducted pyramid selling activities throughout the country in the form of ‘investment return and recruitment return’.

　　88, DGC Shared Coin

　　A high-end pyramid scheme coin project, falsely claiming to come from South Korea, operated by descendants of the Korean royal family, and associated with Samsung. In 2016, it extensively promoted through WeChat, tempting many middle-aged and elderly people into participating with the lure of high interest rates.

　　89, Hainai Coin

　　In 2015, a company named Guangdong Province Wealth Ocean (Group), an online casino and How to find it, was just starting its business. The company claimed to have many branches under its name, indicating strong strength. The project is a new financial platform, a true wealth creation platform with no losers. The income is divided into two types: static income and dynamic income.

　　The static income ranges from 600 yuan to 60,000 yuan in investment, divided into five levels: novice, loser, white-collar, tycoon, and entrepreneur. The higher the investment, the higher the level and the greater the return.

　　Dynamic income is its highlight, and different proportions of recommendation rewards are obtained for each downline developed at different levels. With the accumulation of people, there are also cooperative rewards and win-win rewards waiting for you to claim.

　　90, Hull Coin

　　The ‘Hull Coin’ was originally a virtual lottery and How to find it launched by the city of Hull, UK, but it did not enter China. In fact, the ‘Hull Coin’ in China is a network pyramid scheme fraud. The dynamic income of the ‘Hull Coin’ includes the so-called 10% ‘direct recommendation reward’, as well as a 1% to 3% cut from the ‘report order reward’ based on the size of each investment amount made by the investor. Specifically, 10,000 yuan can earn a 1% commission, 30,000 yuan can earn a 2% commission, and 50,000 yuan can earn a 3% commission.

　　91, Blackstone Coin

　　In 2014, the Blackstone Coin, using the name of the American Blackstone Group, claimed to be the first issued online casino coin and How to find it, and entered the Chinese market at the end of November 2015.

　　Dynamic income is the largest source of income, and the system rewards 150 gold coins for every person recommended. By recommending the first player, you can receive 10% of the daily output of the first-generation player; for the second player, you can receive 10% of the daily output of the second-generation player; and so on. By recommending 10 people, you can receive 10% of the daily output of members from the 1st to the 5th generation and 5% of the daily output of members from the 6th to the 10th generation.

　　92, Cap coin

　　Cap coin first appeared in July 2015, with a conversion rate of 1 Cap coin to 0.73 US cents. In just half a year, it rose 146 times. It claimed to have been promoted and traded simultaneously in more than 40 countries around the world and guaranteed that in the next few years, Cap coin is expected to rise hundreds to thousands of times. However, in 2017, Cap coin was also listed in the CCTV list of pyramid scheme organizations.

　　93, Kaiyuan coin

　　Kaiyuan coin OGC first appeared in 2016, claiming to have opened a new era of Online casino and How to find it. With advanced blockchain technology, each transaction generates a new module, making it more secure than Bitcoin with absolutely first-class anti-theft performance.

　　However, in 2017, Kaiyuan coin was also listed in the CCTV list of pyramid scheme organizations. Currently, specific business details have not been found in public information. However, several criminal judgments on the Chinese Judicial Document Network mentioned that former members involved in the ‘Kaiyuan coin’ pyramid scheme model later imitated and established ‘Xingchen coin’ trading websites, continuing to use static and dynamic methods to obtain illegal funds.

　　94, Khan coin

　　　Khan coin began to be widely promoted since 2015, reportedly from South Korea, with the English name of khancoin. Developed by Zhao Xianxia, the president of South Korea’s Online casino and How to find it exchange, the company promised that it could grow 80 to 100 times in one year and about 1,000 times in five years.

　　The business model remains a combination of static and dynamic income. Recharge 1,000 US dollars to get 8,020 Khan coins, 3,000 US dollars to get 24,560 Khan coins; for every new member brought in, a reward of 10% is given, with a total of 7 levels. The more members brought in, the more money earned.　　　　　　　　　　　　

　　95, Begbang BGB

　　American Begbang (BGB) equity securities private group, reportedly is a new model of crowdfunding equity + virtual currency + mall that subverts Ma Yun, Bill Gates, and Warren Buffett. It issued 4 million original coins, with a price of 0.5 yuan per coin, with an investment range from the minimum of 1,000 yuan to the maximum of 30,000 yuan, with a daily interest rate of up to 1.5%.

　　96, Magcoin

　　In January 2016, Xu Hua initiated an investment in ‘Online casino and How to find it “Magcoin”’ in China, relying on the website HTTP://AUGOLDCAPITAL.NET, requiring others to purchase different amounts of Magcoin (3 yuan per Magcoin at the opening price) to lease their ‘mining machine’ to obtain membership qualification, become a small mine member, medium mine member, or large mine member, and obtain a member account for the platform website. They could also earn static income while obtaining the qualification to develop other personnel to join.

　　As of September 2016 when the case occurred, the member website had a total of 43,132 registered members, with levels above three layers. Among them, there were 20,360 small mine members, 7,562 medium mine members, and 15,210 large mine members. Xu Huaい used the bank cards of the pyramid scheme骨干 to collect 2 billion yuan in pyramid scheme funds paid by members.

　　97, ITB

　　The ‘Aitai’ (ITB) online pyramid selling website officially opened for business on the Internet on February 28, 2014.

　　According to the relevant upgrade regulations of the ‘Aitai’ website, members can upgrade to ‘Aitai’ star shareholders (members) by paying the corresponding membership fees through the WeChat account provided by the website. They become one-star, two-star, three-star, four-star, five-star, six-star, and seven-star shareholders; the membership fees required for each level of membership are: 200, 800, 200, 6000, 12000, 21000, and 30000 yuan; star members can upgrade to the desired star membership by paying the difference; the membership fees paid by star members, 200 yuan per order, obtain 2 dividend points.

　　Members can obtain electronic coins from ‘Aitai’ company at seven different levels, respectively, at 10%, 15%, 20%, 25%, 30%, 35%, and 40%. The remaining membership fees are returned to members as rewards according to the company’s reward plan.

　　98, ROC

　　In August 2013, Yao Moumou was introduced to join the ‘ROC Billionaire Club’ and became a registered member of the website.

　　The website claims that ‘ROC’ was founded in 2006, with headquarters in Switzerland, consisting of 19 billionaires who invest in various industries such as racing, oil, and financial futures. The majority of the profits obtained are returned to members through the wealth distribution trading system to increase the value of wealth points.

　　99, SMI

　　In May 2007, a Singaporean Chinese named Huang Yanqing founded the SMI Investment and Finance Technology Network Company (website: www.smicap.com). In December 2012, it was renamed ‘Finnciti Game Website’ (Chinese name: Urban Construction Simulation Game Website, website: www.finnciti.com).

　　The ‘FCT’ company and its network platform have no actual business operations, they propagandize to the public with slogans such as ‘investment and finance’, ‘online games’, ‘leveling’, ‘pension’, ‘common prosperity’, etc., and lure new members by offering various rewards. They continuously develop their downlines in China through online propaganda, lectures, and introductions.

　　100, MMM

　　In May 2015, Li Mou joined the MMM financial mutual aid platform, promoted the platform through WeChat, using the pretext of helping others first and then receiving help from others to entice others to join the MMM financial mutual aid platform and become members.

　　The MMM financial mutual aid platform takes 10% of the investment amount developed by Li Mou as a recommendation award, and 5% as a management award. As of August 2016, more than 30 people within Li Mou’s organization participated in pyramid selling activities, and the levels were above three. (This article is exclusively released on the ChainDD App, the PDF version of the ‘2018 Top 100 Pyramid Selling Currency Exposure Report’ can be downloaded from the ChainDD App or the ChainDD WeChat official account recently.)

　　This article was originally published on ChainDD, authorized for release on the TiMedia App, author: Pan Xuan of ChainDD