China has announced a 3-month crackdown on MLM scams, after at least 4 MLM associated deaths have been reported in the press. How many others have not been reported, given that China has a very closed society? http://www.ecns.cn/2017/08-15/269317.shtml Here’s more details regarding one of the deaths, associated with Herbalife: http://finance.sina.com.cn/chanjing/gsnews/2017-06-20/doc-ifyhfnqa4492474.shtml and how the crackdown has impacted stock prices of various MLM scams: https://www.reuters.com/article/us-usa-multilevel-stocks/shares-in-herbalife-nu-skin-tumble-as-china-cracks-down-on-pyramid-schemes-idUSKCN1AU2I8 and the mass arrests have started, here’s 1,200 of them: http://supchina.com/2017/08/30/armed-police-arrest-1200-pyramid-scheme-guangxi-chinas-latest-political-current-affairs-news/ Some information about what is legal and illegal when it comes to MLM/Direct Sales in China: http://www.chinalawblog.com/2017/07/multi-level-marketing-in-china.html
It looks like South Korea is joining the party, at least when it comes to crypto currencies: http://businesskorea.co.kr/english/news/industry/19240-protecting-consumers-korean-gov%E2%80%99t-crack-down-multilevel-marketing-digital
You’re very eloquent.
Thanks for noting the obvious.
Nobody can do a better job than you.
I know, thanks for noting the obvious.