Be wary of scams. Is U Bao a pyramid scheme?

U Bao has been confirmed as a pyramid scheme by Guangxi police, and is being arrested and tried.

On August 23, 218, the People's Procuratorate of Zhongshan County, Guangxi Zhuang Autonomous Region approved the arrest of 16 suspects, including Wang Mofan, on suspicion of organizing and leading pyramid schemes, who were suspected of participating in the illegal pyramid scheme of "U Bao Instant Debt" of Beijing Youlian Wanjia Technology Group Co., Ltd. This case is a case designated by the Ministry of Public Security, involving more than 9 million yuan. By the time of the incident, more than 12, offline members had been developed in the form of online pyramid schemes.

follow the trail and lead to the big case behind it. In April this year, the Economic Investigation Department and the Network Security Department of Hezhou Public Security Bureau found in their work that Zhang Moufeng, a native of Zhongshan County, Hezhou City, used the network platform "U Bao" of Youlian Wanjia Company to carry out suspected pyramid schemes. The platform's business model has the characteristics of pyramid schemes such as entry fees, hierarchical formation, and remuneration according to the number of people. Hezhou City Public Security Bureau handed over the clues to Zhongshan County Public Security Bureau while reporting to the higher authorities.

after further investigation, it was found that the criminal suspect Wang Mofan and others relied on the platform of Beijing Youlian Wanjia Science and Technology Development Co., Ltd. to issue virtual currency "U Bao" to raise funds, used high income as bait to attract a large number of members on the Internet, defrauded property by selling "U Bao" to members, and lured participants to continue to develop others to participate, which seriously disrupted the economic order and was suspected of organizing and leading pyramid schemes.

In mid-July, Zhongshan County Public Security Bureau organized the police of "7.11" task force to arrest 16 suspects including Wang Mofan in Beijing, Fuzhou and Shenzhen.

on February 26th, 218, the "u-treasure" platform advertised titles such as "national license" and "China bitcoin" and officially launched and issued "u-treasure" on the internet. In order to attract a large number of members to join, and obtain huge profits, the "U-Treasure" platform has set the joining rules and reward mechanisms, such as "U-Treasure" only goes up but not down, "U-Treasure" holds at least 1 "U-Treasures" to obtain static income, and "U-Treasure" holds at least 3 "U-Treasures" to obtain dynamic income.

new members of "ubao" platform can register online through "ubao" platform by using mobile phone or computer. When registering, they need to fill in their name, telephone number and ID number, and the platform system automatically identifies records according to the recommendation relationship, so that the relationship between referees and new members can be formed, and the downline can be developed indefinitely, forming a top-down, multi-level and pyramid-shaped MLM organization system.

By the time of the crime, Ubao Platform * * * had developed into twelve systems, including Yixin System, Xinyuan System and Kirin System, with more than 12, registered members and more than 46, registered accounts, involving 3 provinces, autonomous regions and municipalities directly under the Central Government, including Guangdong, Shandong, Zhejiang, Fujian, Guangxi, Hunan and Beijing. By selling "U Bao" to offline members, the platform absorbed more than 9 million yuan of investment funds from members.

there are a large number of people involved in this case, and the amount involved is huge, so it is urgent to preserve electronic evidence. Since the case was filed, the Party Group of Zhongshan County Procuratorate attached great importance to it, and immediately launched a joint trial mechanism for major cases. The Deputy Procurator-General in charge of criminal prosecution personally led a team to intervene in the investigation in advance, timely understand and grasp the progress of the case, and guide investigators to accurately and comprehensively screen and fix evidence.

In the end, a decision was made to approve the arrest of 16 suspects who were submitted by the public security organs for organizing and leading pyramid schemes. At present, the case is being further processed.

In recent years, new types of online pyramid schemes have emerged frequently. Criminals use the concepts of "internet finance" and "unlimited profit sharing" to disguise themselves, attract people's investment with high returns as bait, and engage in pyramid schemes on the Internet. It is difficult to hide the essence of pyramid schemes behind gorgeous packaging.

prosecutors remind the broad masses of the people that asking for funds, buying products and developing offline in the name of developing membership and joining the company, and taking the funds or sales paid by offline as the basis of remuneration commission, all belong to pyramid schemes. The broad masses of the people need to keep a clear head, be alert to the temptation of high profits and consciously stay away from pyramid schemes.

Extended information:

On September 19, 218, the Guangxi activity of National Cyber Security Publicity Week in 218 was officially launched in Nanning. Focusing on the theme of "network security for the people and network security depends on the people", the whole region will organize various activities to popularize network security knowledge, enhance people's basic protection skills, enhance network security awareness and create a safe, healthy and civilized network environment.

according to the data of China internet network information center, as of June 218, the number of netizens in China reached 82 million yuan, and the Internet penetration rate was 57.7%, among which the number of mobile phone users reached 788 million yuan, and the proportion of netizens accessing the Internet through mobile phones was as high as 98.3%. The network brings great convenience to our daily life, but it also hides many traps and unsafe factors.

Cyber Security Publicity Week mainly focuses on cyber security issues in key areas and industries such as finance, telecommunications, e-government and e-commerce, and conducts publicity activities on hot issues of public concern. The whole region will uniformly carry out theme days such as Cyber Security Campus Day, Telecommunication Day, Rule of Law Day, Finance Day, Youth Day and Personal Information Protection Day.

Among them, Nanning will organize theme days to enter communities, rural areas, enterprises, institutions and campuses, and popularize network security knowledge by holding special exhibitions, on-site consultation, knowledge contests and theme lectures, and hold training courses for network security officers, network emergency drills and network attack and defense competitions to enhance the awareness and protection skills of the whole society, thus promoting the formation of a good atmosphere in which the whole society attaches importance to network security.

Typical cases:

1. Pseudo base stations send SMS messages to steal credit cards

Since October p>217, many victims in Nanning reported that the money in the bank card was transferred after entering the verification code according to the bank SMS prompts. After investigation, the short message was that criminals pretended to be banks and sent credit cards through pseudo base station equipment, which induced the victims to click on the Trojan link in the short message and defrauded the verification code for online stealing.

In June p>218, a task force composed of Netan Detachment of Nanning Public Security Bureau and other departments successfully cracked many cases of stealing credit cards online by using pseudo base stations, smashed 5 criminal gangs, arrested 1 suspects and seized a batch of computers and mobile phones. At present, all 1 suspects have been criminally detained according to law.

2. "Post-9s" used social groups to set up casino gambling

In February p>218, the police of Shanglin County Public Security Bureau found in their work that Qin and Mo and others in Baixu Town of Shanglin County organized personnel to use online red envelopes to bury mines and rob them by "defusing bombs and burying mines" to conduct online gambling. After investigation, this group of suspects who use Internet social groups to set up casino gambling are mainly "post-9s" young people.

In the early morning of June 25th, the task force arrested 23 suspects involved, detained 2 people in criminal detention, seized and frozen 95 bank cards involved, and seized a batch of computers, mobile phones and account books involved.

3. Illegally obtaining citizens' information to make mobile phone black cards

In July p>218, Chongzuo police successfully destroyed three dens that illegally manufactured and sold mobile phone SIM cards in Chongzuo, Nanning, Yulin and other places, arrested 6 suspects, seized more than 6, pieces of citizens' personal information, and seized 6 computers, more than 1,2 SIM cards and other tools involved in the case according to law.

based in the telecom agency business hall in Nanning and other places, the gang illegally purchased and collected citizenship information from online and other channels, and used the business hall to activate the SIM card as a loophole, illegally produced and collected black cards and sold them to other cities. By the time of the incident, the gang had sold tens of thousands of mobile phone black cards and made a profit of hundreds of thousands of yuan. At present, six people involved in the case have been criminally detained.

4. The manufacture and sale of state organs' certificates involves many places in the country

In March p>218, the network security department of Wuzhou found that someone illegally bought and sold national certificates such as resident identity documents and driver's licenses online. After investigation, there were 5 main agents involved and 27 other secondary agents involved, and more than 3, pieces of express delivery data were obtained for trading forged documents, involving more than 2, buyers, involving 32 provinces, autonomous regions and municipalities across the country.

On May 29th, under the unified command of the Ministry of Public Security and the Public Security Department, public security organs at all levels simultaneously arrested 6 provinces including Hunan and 1 cities in Guangxi, killing 3 dens for manufacturing and selling fake certificates in one fell swoop, arresting 4 suspects, and seizing more than 3, sets (sheets) of all kinds of fake certificates and a batch of certificate-making machines and raw materials.

5. The amount involved in online pyramid schemes reached 1 billion yuan

In March p>218, the network security department of Hezhou discovered that Beijing Youlian Wanjia Technology Development Co., Ltd. invested in "U-coin" in the "Youlian Wanjia Youbao" network platform. The platform's business model has the characteristics of collecting entry fees, forming a hierarchy, and paying according to the number of development people.

after investigation, the pyramid-like pyramid-like platform was formed, involving 1 billion yuan. On July 16, the task force arrested all 16 people, including Zhang Moufeng, the core member involved in the case, and frozen 24 million yuan of funds involved. At present, the case is still being further processed.

Zhongshan Information Network-12, members involved in the case involving 9 million yuan. Zhongshan County Procuratorate arrested 16 principals in the online pyramid scheme

Nanning News Network-the whole region launched a unified cyber security theme day. Don't fall for these traps.