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在线翻译:
szdaily -> Shenzhen -> 
Suspects arrested in online pyramid sales scam
    2018-08-07  08:53    Shenzhen Daily

TWO suspects surnamed Lu and Ma were recently arrested by Nanshan’s procuratorate for swindling 76 million yuan (US$11.11 million) through an online pyramid sales scam, the Daily Sunshine reported yesterday.

In October 2016, Lu set up a tech company in Wenzhou, Zhejiang Province and started to sell agricultural products online through a rented server in Hong Kong. The online mall started operations in January 2016, but ceased three months later.

Lu later established another company in Shenzhen and hired Ma as the chief accountant. The online shop attracted investors by offering high returns and grew through membership. From the top of the pyramid to the base, it had developed 46 levels with 75,663 members.

After six months in operation, the illegal platform had attracted members to invest more than 76 million yuan, even though the illicit platform did not trade actual goods. Lu talked others into joining the investment scheme, while Ma was in charge of the company’s finances. Both Lu and Ma had broken the law and were accused of organizing and leading a pyramid sales scam.

Prosecutors have reminded residents to beware of online investment platforms that use tricks like offering high returns and virtual coins. Compared with traditional offline pyramid sales scams, the online scams are more deceptive and harder for law enforcement officers to bust. (Zhang Qian)

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