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Is abcd Fortune Network a fraud?
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I saw a letter on the Internet for your reference. . .

An open letter from the victims of the ABCD Fortune Network scam.

The 2 1 Century Agro-business Forum, co-sponsored by International Trade and Economic Research Institute of Ministry of Commerce, Agricultural Trade Promotion Center of Ministry of Agriculture, China Guanghua Science and Technology Foundation, China Guanghua Science and Technology Foundation Green Harmony Fund and ABCD International Enterprise Group, was held in Beijing in May of 201/KLOC-0.

host

Xu Gehui: A famous host of Phoenix TV.

Dialogue guest

Long Yongtu: Chief negotiator of China's entry into WTO and former Secretary-General of Boao Forum for Asia.

Tang Min: Counselor the State Council, a famous economist, deputy director of graduate department Committee of China People's Bank, and executive director of Youcheng Entrepreneur Foundation for Poverty Alleviation.

Xie Yang: Inspector and researcher, Rural Economic Research Department, the State Council Development Research Center.

Ni Hongxing: Director of the Agricultural Trade Promotion Center of the Ministry of Agriculture and Secretary-General of the Agricultural Industry Branch of the China Council for the Promotion of International Trade.

Zhang Yulin: Director, Circulation Strategy Research Department, Research Institute, Ministry of Commerce

20 1 1 is the 10th anniversary of China's entry into WTO. China's accession to the WTO marks a new stage of opening to the outside world. The forum discussed the opportunities and challenges brought by China's agricultural development, industrial structure transformation and industrial upgrading after China's entry into WTO.

It is precisely because of the joint sponsorship of the International Trade and Economic Research Institute of the Ministry of Commerce, the Agricultural Trade Promotion Center of the Ministry of Agriculture, the Green Harmony Fund of China Guanghua Science and Technology Foundation and ABCD Company, as well as the reports from No.2 Middle School and Beijing and Taiwan, especially the networking with the Ministry of Public Security. People all over the country are convinced that in order to support the country's industrial development, relatives and friends are invited to invest, and the amount of investors is tens of thousands, hundreds of thousands and millions. However, only a few months later, ABCD's agricultural investment projects were characterized as pyramid schemes.

Now the police describe agricultural investment as pyramid selling, which is unacceptable to investors.

First, the case announced by the Public Security Bureau only informed the recommended investors about the rebate and bonus of the company, but did not mention other aspects of the whole agricultural investment. However, 80% of investors in the country only get the company's income by the amount of investment. This big link is definitely not pyramid schemes, and the Public Security Bureau has not talked about this link; If it is promotion, the case should be that every investor must develop offline to get benefits, while for agricultural investment projects, every investor can get benefits without developing offline, which is different from pyramid schemes.

Second, we have invested in agricultural and commercial forums organized by the government and recommended by government officials. The amount of investors is tens of thousands, hundreds of thousands and millions, which is different from the membership fee of real pyramid schemes. The real pyramid scheme only needs to pay a fixed amount at one time.

Third, the police didn't talk about Burckardt, the president of the company, but only announced that China people were engaged in pyramid schemes, which was also unreasonable.

Fourth, even if some investors recommend others to invest, it is normal to get a small part of the company's business projects, which is equivalent to advertising fees.

On the other hand, pyramid selling is shameful, but this project has been publicized in the official media from the beginning to the operation, at least what we saw on TV and computer. We don't know what the above people are doing, but the carrier of publicity and the means of operation should not be the pyramid scheme in all laws and regulations in China. The latest regulation of our country's law: the investment economic model is by no means pyramid scheme!

Whether an industry or an economic model belongs to "pyramid selling" is illegal. In fact, it doesn't matter who you and I say, and all kinds of rumors are even more discredited. Even if they spread wildly, they will eventually listen to national laws. Otherwise, they will become a group of people who are ignorant of the law, or pass on false information, label casually, or pretend to understand, be self-righteous, or even make up legal terms. This is a very irresponsible behavior for yourself and others. The booming consumption and investment economic model in the nine central and western provinces represented by Chuangxiang and Guangxi (the government of Guangxi Zhuang Autonomous Region called it a pure capital investment industry, the municipal government of Beihai Municipal Committee called it a consumption and investment economic model, the economists called it a partnership private placement project, and the industry called itself a voluntary chain operation industry) was seriously misinterpreted by many people and misrepresented as "MLM", and the news was pale. So, what is "MLM"? What is the definition of "pyramid selling" in China law? Please have a look-

On February 28th, 2009, the Seventh Session of the 11th the NPC Standing Committee adopted the Seventh Amendment to the Criminal Law of People's Republic of China (PRC) (DecreeNo. 10 of the President of the People's Republic of China was promulgated on the same day, and it will come into force as of the date of promulgation). One article is added as one of the provisions after Article 224th of the original Criminal Law:

"Article 224- 1. Whoever, in the name of selling goods and providing services, organizes and leads participants to obtain the qualification to join, forms a hierarchy in a certain order, and directly or indirectly lures or coerces participants to continue to develop pyramid schemes that others participate in, defrauding money and goods, and disrupting economic and social order, is to be sentenced to fixed-term imprisonment of not more than five years or criminal detention and also fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and fined. "This is the latest provision of our country's laws on defining what pyramid selling activities are. Let's analyze this legal provision.

According to the provisions of this law, only "organizing and leading business activities such as selling goods and providing services, requiring participants to obtain membership by paying fees or purchasing goods and services, and forming a hierarchy in a certain order, directly or indirectly taking the development number as the reward or rebate basis, inducing and coercing participants to continue to develop others' participation, defrauding money and goods, and disrupting economic and social order" can constitute the crime of organizing and leading pyramid selling activities, and the above legal expression actually includes, in other words, Without any of them, this crime cannot be established.

Now the police have arrested the leader of this company for pyramid selling, and confirmed that this is a fictitious investment project, posing as a fraud company of the four major grain merchants. I, a real investor, can't accept this charge. We only invested after watching the publicity of Bill and others in the media forum. Since the police have found out the truth and this ABCD investment project is fictitious, then this is a typical fraud. If there was no public exhibition of "2 1 Century Agricultural Forum" at that time and no ABCD project entered China, how could so many investors put all their money into it? Is the studio in Beijing open to "pyramid schemes" and "fraudsters"? With so many national figures appearing on the forum, can they be easily tricked into the studio by swindlers? We investors are all victims of this scam. We call on the relevant departments to trace and publish the details of the case, and ask us to plan the true identity of the cheated agricultural forum and the president of ABCD International Group, severely punish the mastermind of the scam and return the investment funds of the victims!

We have more than 80,000 investors from all over the country, and we guarantee that the above facts are absolutely clear and true. We call on the social news media and all just people to help us, publicize this matter, investigate the legal responsibility of criminals, safeguard our legitimate rights and restore social justice!

Thank you very much