EFT is a product similar to MLM, and the publicity will definitely be a bit exaggerated, similar to Amway. Eating health food is not a big problem, but it is not cheap. American EFT MLM has become a street rat source: legal system and economy. Our reporter: Pay attention to the update date: July 2006-18. The so-called "new business model" of American EFT Company has been carefully designed and packaged to carry out illegal pyramid selling in China. A few years ago, Hangzhou Industrial and Commercial Bureau issued a warning, asking consumers to be alert to illegal pyramid selling activities carried out by franchising and the Internet, and not to be fooled. According to the introduction of Hangzhou Industrial and Commercial Bureau at that time, EFT Company of the United States carried out illegal pyramid schemes in Hangzhou in the guise of "e-commerce", involving more than one million yuan. In August 2003, Wei Qun and his wife Yu bought two sets of products at a price of 2,365 yuan each. However, the products they bought were not for their own use. They want to become members of the American EFT company and then make money through pyramid schemes. It is said that they will be able to enjoy the best profit bonus system in history and get bonuses by weekly settlement. After purchasing products, Wei Qun and Yu became EFT e-commerce salesmen, promoting EFT health care products and cosmetics. The two first distributed the purchased products to two consumers A and B. After consumers A and B got the products, they had to spend 2365 yuan to buy another set of products from EFT Company (obtaining EFT company membership), and then used the two products they got to develop offline for EFT e-commerce personnel. So far, two downlines have been formed for Wei Qun. In this way, Wei Qun gradually became a "pyramid-shaped" figure in this sales channel, earning income from the EFT product fees paid by offline subscribers and engaging in pyramid schemes in disguise. They have developed more than 200 members and 542 sets of MLM products in Lin 'an, Zhejiang, with the business volume of 1288 155 yuan. Hangzhou Administration for Industry and Commerce believes that this illegal pyramid scheme is highly deceptive, mobile, concealed and mass. Lin 'an Court sentenced Wei Qun and Yu to five and three years' imprisonment respectively, and fined them several hundred thousand yuan. On August 29th, 2003, Kunming Life reported that a brand-new pyramid scheme had invaded Kunming. It made a lot of money by using the Internet to mail order in the name of "e-commerce". Compared with the traditional pyramid scheme, it is more hidden and even has some legal blind spots. It moved the pyramid selling dens originally hidden in secret rental houses to elegant leisure places and internet cafes in downtown areas, which brought great difficulties to law enforcement departments. It is understood that this is the American EFT MLM. In April 2004, the Fair Trade Bureau of the New Autonomous Region Administration for Industry and Commerce investigated and dealt with the fact that EFT Company of the United States illegally sold pyramid schemes in Kramer, and the relevant personnel were punished. In June 2004, the Sichuan Provincial Administration for Industry and Commerce announced the case of illegal pyramid selling by EFT in the United States through franchising and the Internet. The relevant departments remind consumers that this so-called new business model is a scam carefully designed by some lawless elements, and consumers should not be deceived. The industrial and commercial department investigated and dealt with the case that Zhao illegally engaged in online business electronic pyramid selling of American "EFT" company in Zigong City. "EFT" is an online mail order company, dealing in more than 30 kinds of goods such as health care and beauty, automobile environmental protection, etc. , and sell goods at high "profiteering prices" in China. Its marketing method is to pay $250+postage to buy a set of products of the company to become a member, and then you are eligible to share part of the consumption funds of other consumers, up to 40% of the turnover. And Zhao in Zigong City, through the Internet to develop multi-person participation in online marketing. In August, 2005, Tianjin Hexi Branch, with the active cooperation of Heiniucheng Police Station of Hexi Branch of the Public Security Bureau, destroyed a black den of illegal pyramid selling activities in EFT in the United States at one stroke, making this newly woven pyramid selling network "lost". After investigation, the suspects Yin Moumou (from Jilin Province) and Tan Moumou (from Tianjin) introduced and organized "students" to carry out pyramid schemes in a guest house in Youyi Road, Hexi District from July 19, 2002. According to the introduction of law enforcement officers at that time, the actions of Yin Moumou and Tan Moumou constituted that "operators engage in store-free business activities through development personnel, and online participants extract from offline marketing performance. Industrial and commercial law enforcement officers seized illegal items such as promotional materials and commodities used for pyramid schemes according to law and imposed a fine of 20,000 yuan. At the same time, they reminded the general public to be alert to the rise of pyramid schemes and not to enter their "net". If you find suspicious clues, you can report them to relevant departments. In May 2006, law enforcement officers from the industrial and commercial departments of Qingxu County, Shanxi Province pretended to be MLM personnel and broke into the EFT MLM organization in the United States. After more than 20 days of investigation and evidence collection, they joined hands with the industrial and commercial department of Wanbailin to smash an "American EFT" pyramid scheme den in Shentanggou Hot Spring Resort. According to the industrial and commercial law enforcement personnel, although there is no product sales at the event site, its sales model of going offline through online development and returning commissions step by step is indeed a disguised pyramid scheme. In this regard, according to the MLM Prohibition Regulations, the industrial and commercial law enforcement officers conducted an inquiry and investigation on the person in charge of the organization, criticized and educated its members, and dismissed them, and punished Shentanggou Chaoyun Fitness Club, which provided the MLM organization with business training places. In recent years, the EFT pyramid scheme in the United States is like a cancer, which has corroded many people in China, and these people, like people bitten by rabies, are desperately spreading the virus everywhere. Search on the internet yourself.