Monday, April 9, 2012

TVI Express still in news in China... sort of

It was as an example of the scams busted in the city:

http://net.china.com.cn/ywdt/txt/2012-03/16/content_4878888.htm

(use Google translate)

The last paragraph has very good advice though, and Google translate is bad, so here's my translation:

The Bureau of Public Safety gives you three tips to spot an illegal pyramid scheme:
  1. Does this "business" emphasize recruiting, and pay you based on number of recruits you found?
  2. Are you required to pay for a "starter kit" to join, or you just join to buy anything? 
  3. Is Compensation calculated "by team"? 
If your opportunity has all three elements, it may very well be an illegal pyramid scheme. Report it to your local Public Safety Bureau to ensure prompt investigation. 

No comments: