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Only In China: A Pyramid Scheme Involving Actual Pyramids

posted by mrpg on Sunday April 14 2019, @12:36AM   Printer-friendly
from the 好笑 dept.

An Anonymous Coward writes:

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

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  • (Score: 2) by FatPhil on Sunday April 14 2019, @12:30PM (4 children)

    by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Sunday April 14 2019, @12:30PM (#829338) Homepage
    Don't claim credit for that, Wilhelm Reich was an Austrian. (And /WR: Mysteries of the Organism/ is a truly fucked up movie. No matter how much blindness-inducing homemade fruit wine I drank during the viewing was capable of numbing my brain enough to not feel the pain.)
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  • (Score: 1) by RandomFactor on Sunday April 14 2019, @02:25PM (3 children)

    by RandomFactor (3682) Subscriber Badge on Sunday April 14 2019, @02:25PM (#829371) Journal

    Damn, did i just piss off the Austrians?

    Or did you? :-p

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    • (Score: 2) by FatPhil on Sunday April 14 2019, @07:44PM (1 child)

      by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Sunday April 14 2019, @07:44PM (#829463) Homepage
      The Austrians have other births to feel guilty for!
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      • (Score: 0) by Anonymous Coward on Sunday April 14 2019, @11:42PM

        by Anonymous Coward on Sunday April 14 2019, @11:42PM (#829531)

        Not everybody is buying it.

    • (Score: 3, Funny) by PartTimeZombie on Sunday April 14 2019, @08:17PM

      by PartTimeZombie (4827) on Sunday April 14 2019, @08:17PM (#829476)

      Be careful. If you piss them off they'll get you with their kangaroos.