Couples MLM organization "American Rare Earth Project" cheated more than 200 people

Suspects Tan Fushun, Wangbo Feng couples through to friends, relatives and people familiar propaganda "American Rare Earth Project " less investment and quick returns , development downline earnings , encouraging people to invest in the more than two hundred Linqu the project , resulting in five hundred million yuan of funds can not be recovered, the two suspects profitable one hundred million. Recently, Shandong Linqu Procuratorate on suspicion of organizing and leading MLM approved the arrest of Tan Fushun crime activities , Wangbo Feng .

Since 2012 , the suspect Tan Fushun, Wangbo Feng couple of so-called "American Rare investment company" global trading platform , with its membership site system Linqu border region development officer , the company has lied to the American military background , SAIC in China registered in the Ministry of Public Security for the record and approved by the Chinese government , advocating the " gold has a price , rare priceless " , the name of "rare earth investment shares " under the banner of advocacy in 5 to 10 years time, to participate in RE investors invest 10 to 20 times the high returns to attract the masses ranging from 100 to subscribe for shares of U.S. $ 10,000 as a condition to obtain membership, unlimited development staff to take on the model under the network marketing activities to dividends, rebates etc. as bait, to seek illegal profits. To June 2012 , the online trading platform to stop back now, all the participants can not retrieve funds . Currently, the case involved more than one thousand yuan of funds up to participate in staff of more than 200 people, deceived the amount of more than 500 million.Wangbo Feng suspects responsible for publicity and mobilization work ; suspects Tan Fushun responsible for computer operations, network registration , marketing funds management work , both for illegal profit of more than 100 million.


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