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August 14, 2013

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Pyramid scam

Twenty-two suspects alleged to have organized a pyramid sales scam earning them 58 million yuan (US$9.5 million) were caught in a crackdown last month following a month-long investigation in Shanghai and neighboring provinces, local police said yesterday. The case involved 6,900 people persuaded to join the scheme in 28 cities and provinces, with sales of 100 million yuan.



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