Crackdown on pyramid schemes strengthened
Print Edition
China will reinforce its crackdown on pyramid selling, according to a government guideline released yesterday.
The guideline, jointly released by the Supreme People’s Court, the Supreme People’s Procuratorate and the Ministry of Public Security, said chief leaders of pyramid selling groups will be prosecuted if the number of people involved in their schemes exceeds 30.
Repeat offenders will be subject to criminal prosecution if their group members surpass 15, according to the guideline.
In China, those involved in pyramid selling rings could face fines and sentenced up to five years in prison, and jail terms could be extended in serious cases.
Pyramid selling has been banned in China since 1998, but has remained rife in many regions.
In recent years, the schemes have evolved from sales of fake products to more sophisticated fundraising ploys.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
