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

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, @07:46PM (1 child)

    by FatPhil (863) <pc-soylentNO@SPAMasdf.fi> on Sunday April 14 2019, @07:46PM (#829465) Homepage
    Nope, idiot.

    I live in a country that has had population decline for decades, and they've worked out the implications of that.

    You may live in an "exponential growth forever" woo-woo land, but not all of us do.
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  • (Score: 0) by Anonymous Coward on Sunday April 14 2019, @09:33PM

    by Anonymous Coward on Sunday April 14 2019, @09:33PM (#829487)

    The sad part is that when the inevitable collapse of the scheme happens, you will blame "capitalism" for your problems. There is just no helping some people, best you can do is plan around them.