It's only appropriate that the country with the $40 trillion ponzi financial system and where a broke pig farming company paid its creditors in bacon, only to run out of pigs, has created a pyramid scheme that involves literal pyramids.
Authorities in China’s capital are investigating two companies selling "energy pyramid" products using such illegal practices as fake advertising and multilevel marketing, The Beijing News reported Monday.
According to the outlet, police in Beijing’s Fengtai District launched an investigation with the national-level State Administration for Industry and Commerce on Monday to look into the products’ manufacturer, Weihai Ruihong Energy Technology Co. Ltd., and distributor, Beijing Hongzheng Technology Co. Ltd.
The companies allegedly advertised their pyramid-shaped wares — priced between 5,000 and 100,000 yuan ($740 and $14,900) — as having “healing” and “energy-absorbing” properties, and like any other pyramid scheme, attempted to recruit salespeople into a multilevel marketing operation.
Only In China: A Pyramid Scheme Involving Actual Pyramids
(Score: 1, Interesting) by Anonymous Coward on Sunday April 14 2019, @03:06AM (2 children)
https://en.wikipedia.org/wiki/List_of_Ponzi_schemes [wikipedia.org]
The way I see it, getting some bacon back is more than most got when their investments went belly up. And besides, with 90% of the population believing in one form or another of divinity, just because all this "healing pyramids" crap is a scam doesn't mean it won't sell and get a return for the investment.
Now if you'll excuse me, I'll have to return to my highly productive job of writing tax accounting software. Because, you know, I'm totally not a part of the lawyers-accountants-bureaucrats conspiracy to make up increasingly convoluted laws so I'll have a job to do. No broken windows here.
(Score: 2) by richtopia on Sunday April 14 2019, @04:13PM (1 child)
This gives me an idea: a Ponzi scheme selling pyramids, but make them religious so in the USA you can seemingly do anything under "religious freedom"
(Score: 0) by Anonymous Coward on Sunday April 14 2019, @11:51PM
Including the freedom to murder people, take your money and say "its in the bible" and "now declare occupied land part of our own" because "its in the bible"?
I hope not. Never trust khazar jewish rats or their friends/accomplices.