1In May, 999, Shanghainese Huang met Ou of Guangdong Aoshengdi Industrial Co., Ltd., and they planned to register and establish Shanghai Aoshengdi Economic and Trade Development Co., Ltd. in Shanghai, implement the "Aoshengdi 300 System" of Guang 'ao Company, and promote the "Kangmaisi" series of health products. Shortly thereafter, while applying for the legal person license of Shanghai Olympic Sports Company, Huang actively promoted the "Olympic Sports Holy Land 300 System" to his friends, and attracted and recruited many people such as Shi Jun as the first sponsors of Shanghai Olympic Sports Company with a high promotion fee. Since then, Shanghai Olympic Company has accelerated the pace of recruiting promoters and collecting deposits.
In July of the same year, Gao Shan Company was sealed up by Luwan Industrial and Commercial Office for unlicensed operation and suspected pyramid selling. The next day, the company obtained a business license through false capital contribution, continued pyramid selling activities, and revised the system several times. In September of that year, Luwan Industrial and Commercial Branch ordered Gao Shan Company to stop this illegal sales activity. Faced with this situation, a large number of promoters withdrew their orders and the company revised the system again. From May of 1999 to May of 10, Gao Shan Company actually collected more than 5 million yuan in deposit and consumption investment, most of which was used to pay for the distribution and expenditure of various expenses such as promotion fees and service fees. After the incident, the public security organs recovered the stolen money of 5 1 10,000 yuan.
Yesterday, the First Intermediate People's Court made a final judgment: Ou and Huang were convicted of illegal business operations and sentenced to 8 years and 5 years in prison respectively.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.