Tag: Hong Kong pyramid schemes
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SOUTH CHINA MORNING POST: American Among 5 Detained In Hong Kong Pyramid-Scheme Investigation; Unidentified Firm Said To Promote ‘Cloud-Based’ Internet Apps And To Have Gathered Nearly $100 Million
FLASH: The South China Morning Post is reporting that an American and four others have been detained in a pyramid-scheme investigation involving HK$750 million (about U.S. $96.7 million). The publication did not identify the detainees. Nor did it identify the company, which is said to promote “cloud-based internet productivity and communications applications” and to be…