MLM refers to the behavior that organizers and developers illegally acquire wealth through developers or require the developed personnel to obtain the qualification to join on the condition of paying a certain fee. The essence of pyramid selling is "Ponzi scheme", that is, the money of the latecomers is distributed to the income of the pioneers. New pyramid scheme: no restrictions on personal freedom, no ID cards and mobile phones, no group classes. But under the banner of capital operation, attracting people to cheat money, using luxury cars, wearing gold and silver, etc. Use money to attract your relatives and friends, and finally make you lose everything.
On April 2 1, 65438,998, pyramid selling was completely banned. On August 20 17, the Ministry of education and the Ministry of public security issued a notice, demanding that pyramid schemes be severely cracked down and banned according to law. The notice stressed that fraud was committed in the name of "recruitment" and "job introduction" under the guise of "entrepreneurship and employment", and the latest judgment was made by the court on May 2, 20 18. The amount involved in 65 kinds of "MLM coins" is10 billion yuan, and10 million people buy them.