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  Shandong cracks down on pyramid schemes  

  

 

To fight against pyramid selling, Shandong has put great efforts on building several ¡°Zero Pyramid-selling Areas¡± since 2006. So far 13,000 residential areas have benefited from the campaign.

¡°Shandong aims for 90 percent of its communities or villages to become Zero Pyramid-selling Areas by 2010,¡± Wang Tianren, deputy director of Shandong Provincial Bureau of Industry and Commerce, said at a news conference on April 8.

The province¡¯s bureaus of industry and commerce uncovered 30 pyramid selling cases last year, involving 31,000 people and worth a total 16.97 million yuan. The province¡¯s security sectors solved 338 such cases involving 950 million yuan, prosecuting 248 people.

Efforts on cracking down on pyramid schemes have been further strengthened by a joint conference composed of 19 departments including the province¡¯s comprehensive management office, bureaus of industry and commerce and security sectors.

China Daily Shandong Bureau

 

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