A SHENZHEN-BASED e-commerce platform has allegedly been involved in pyramid selling after it promised high returns to its sales agents for soliciting new agents ECCO Irving Fisherman Sandals Black UK , according to a SZTV news report.
The platform, called Dplus 7mall, held promotional events at a Nanshan bar from Aug. 21 to Friday, and each event had over 100 people in attendance. The platform is jointly run by a Guangzhou-registered company ECCO Chander Classic Fisherman Sandals Black UK , Dplus, and 7mall, a technology company in Shenzhen.
During the promotional events, a speaker told the attendees that they could join the platform and become sales agents by paying 30 Ecco Boots UK Sale ,000 yuan (US$4,478) per person. Then, they could get a 15-percent return when they developed a new sales agent or their sales agents developed a new agent.
The speaker said that a sales agent could earn over 1 million yuan annually without doing anything if he could develop 8,000 agents.
According to the speaker Ecco Sandals UK Sale , a sales agent who solicits enough new agents can be promoted to a manager, a board member or even a Dplus partner. He said it only took him four months to become a partner in the company, which enabled him to take a share of the company’s 700-million-yuan dividend.
Many attendees were brainwashed by the speaker during the promotional events. A woman from Hainan Province was taken to the event by her friend, and she paid 30 Ecco Sneakers UK Sale ,000 yuan to become a sales agent without hesitation after listening to what the speaker said.
Dplus also invited its sales agents from across the country to visit its headquarters in the Aliyun Building in Nanshan High-tech Park. The company’s fascinating office environment made many sales agents believe that it was strong and trustworthy.
Dplus tried to legitimize its sales model by saying that it had obtained the direct sales license issued by the Ministry of Commerce. A photo posted on the company’s website showed the No. 90 Direct Sales License, but only 89 licensed direct sales companies can be found on the Ministry of Commerce’s website, and Dplus isn’t one of them.
Dplus said it recently obtained the license, so its information won’t be shown on the Ministry of Commerce’s website until half a year after the license was issued. However Ecco Dress UK Sale , a lawyer said engaging in pyramid selling would still be illegal for a company with a direct sales license.
As a number of residents in Shenzhen and from across the country have joined the e-commerce platform, it could result in devastating consequences if the platform experienced a capital crunch or its owners fled with the money, an industry insider said.
According to the report, the regulations against pyramid selling that took effect in 2005 need to be amended as new types of pyramid selling schemes have emerged. Some stores operating through social media have crossed the line between direct sales and pyramid sales without being held legally responsible.
The latest on the race for the Republican and Democratic presidential nominations a day after critical primaries in five states (all times local):
8:45 p.m.
John Kasich is picking up the endorsement of Sen. James Inhofe of Oklahoma ECCO Casual Shoes UK Sale , who previously backed Marco Rubio.
Inhofe says in a statement released by the Kasich campaign that he is backing the Ohio governor because he has a proven record of delivering results.
Inhofe says Kasich's optimistic campaign is "refreshing" and calls Kasich a man his word.
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6:30 p.m.
A North Carolina sheriff has suspended five deputies for their actions at a Donald Trump rally in which a black man being escorted from the event was allegedly assaulted by a white man in attendance.
A statement from Cumberland County Sheriff Earl "Moose" Butler on Wednesday said three deputies were demoted and suspended without pay for five days. Two other deputies were suspended for three days without pay, and all five were put on probation for 12 months.
Butler launched an investigation after a video showed a man with a cowboy hat hitting a black man being led from the Fayetteville arena by deputies March 9. Officials said the deputies had their eyes on the stairs when the man was hit.
Authorities charged a 78-year-old man with assault and disorderly conduct.
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5:00 p.m.
Exit polls from Tuesday's primaries are suggesting that Democratic voters aren't willing to embrace the leftward shift that Vermont Sen. Bernie Sanders is pitching for the nation.
Democratic favorite Hillary Clinton won four of the five states that voted Tuesday, with Missouri still too close to call. In all five states, at least half of the Democratic voters said they preferred to maintain President Barack Obama's policies.
No more than a third of voters in any of the Democratic primaries said they preferred a more liberal trajectory.
That dynamic suggests that Sanders faces an uphill battle as he tries to narrow the delegate gap. Clinton now leads by more than 300 pledged delegates.
Among Republicans Ecco Cool 2.0 UK Sale , front-runner Donald Trump continues to dominate among voters who describe themselves as angry about the state of the nation. Trump also benefits from the large number of Republican primary voters who say they want a president from outside the political establishment.
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3:45 p.m.
South Carolina Gov. Nikki Haley says her "prayer" is that Sen. Ted Cruz can come out on top of the Republican presidential race ahead of Donald Trump.
Having endorsed Sen. Marco Rubio, who ended his campaign Tuesday after a humiliating loss to Trump in Florida, Haley said Wednesday that she would support the eventual nominee, but that she's praying it is Cru. Adil Rami France Jersey Daniel Sturridge England Jersey Gabriel Brazil Jersey Christian Kabasele Belgium Jersey Mikael Ishak Sweden Jersey Santi Cazorla Spain Jersey Raul Jimenez Mexico Jersey Shkodran Mustafi Germany Jersey Wholesale Paris Saint-Germain Jerseys Wholesale Liverpool FC Jerseys