Keyword: pyramid scheme

After the tragedy of Li Wenxing, the government cracks down on pyramid schemes

The recent death of a young man named Li Wenxing has pushed the government to announce new action against China’s notorious pyramid schemes gangs. Li, a university graduate aged 23, was found dead on the outskirts of Tianjin on July 14. The young man had fallen victim to a pyramid scheme after answering an advertisement on a job-seekers’ website, Boss Zhaopin. His death has caused widespread sympathy and sparked a national debate. Just like many fresh graduates from rural families, Li left home and traveled to a bigger city to find work. But the new job he had applied for in Tianjin turned out to be a pyramid scheme. Such …read more