PONZI! PONZI! PONZI!

Bcos they are still using new members money to pay up old members didvidend. Wait till there are not enough new members to sustain then the pyramid will collapse. Then you will see these suckers cry baby make police report, see politician on newspapers and put up bannner "I want my money back"! History repeats itself.

Hello sista...

Rub shoulders with the rich and famous so you have faith ya? Do you know how rich and powerful as the Chairman of NASDAQ ???

The Madoff investment scandal broke in December 2008, when former NASDAQ Chairman Bernard Madoff admitted that the wealth management arm of his business was an elaborate Ponzi scheme.

Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was its Chairman until his arrest.[1][2][3] At his firm he employed his brother Peter as Senior Managing Director and Chief Compliance Officer (Peter has since been sentenced to 10 years in prison), Peter's daughter Shana Madoff as the firm's rules and compliance officer and attorney, and his sons Andrew and Mark (Mark committed suicide by hanging exactly two years after his father's arrest).

Alerted by his sons, federal authorities arrested Madoff on December 11, 2008. On March 12, 2009, Madoff pled guilty to 11 federal crimes and admitted to operating the largest Ponzi scheme in history.[4][5] On June 29, 2009, he was sentenced to 150 years in prison with restitution of $17 billion. According to the original federal charges, Madoff said that his firm had "liabilities of approximately US$50 billion".[6][7] Prosecutors estimated the size of the fraud to be $64.8 billion, based on the amounts in the accounts of Madoff's 4,800 clients as of November 30, 2008.[4][8][9] Ignoring opportunity costs and taxes paid on fictitious profits, half of Madoff's direct investors lost no money.[10] It is also the largest accounting fraud in American history.



This post has been edited by ikanbilis: Jun 9 2014, 08:36 PM

Returns are generated by cheating your family and friends. Then your family and friends have to cheat others to cover their investment. The cycle continues until there is no one to cheat then it collapse. The owner will then run to Zimbabwe to start another run of scam.

Wah u are so proud to earn rm300! Please dump more money to Scammy Zhang say rm30,000 so we can watch and enjoy the show!!!

You are right! We hate to see others fail, but if you are so greedy for easy money despite so many warnings, you really deserve to be broke!

By the way do you have the FB link so i can add him to watch the drame? Much enjoyable than korean drama 来自星星的你

This post has been edited by ikanbilis: Jun 22 2014, 10:33 AM

After running from China, Scammy Zhang lands on the bolehland. Wait till he gets busted, maybe you could find him in Zimbabwe to be the world's richest man.

This post has been edited by ikanbilis: Jun 22 2014, 07:36 PM

World's richest man!

Why so many sohai in malaysia? So embarassing!

Your 1st facebook link is unavailable. Could you please re-post? Ta

PONZI! PONZI! PONZI!!!!

A DAP lawmaker is demanding to know if the Finance Ministry will investigate a fast-growing direct-selling company.

Segambut Member of Parliament Lim Lip Eng said police had investigated CDTUP International Sdn Bhd, set up by Zhang Jian, a Chinese national who claims to be “the future richest man in the world” and China’s youngest self-made millionaire with his Yun Shu Mao business empire.

“Police concluded that there are criminal elements which fall under the purview of Bank Negara.

“I will write to Deputy Finance Minister Chua Tee Yong today and ask the ministry to look into it in view of the police findings,” he said at a press conference today.

He said the public needed to know if the company was legal or otherwise as he had been getting public complaints since May on its business model.

Lim also alleged that several MCA leaders had been seen on stage with Zhang at various events.

A member has to pay RM300 to sign up and for every member recruited, including by downlines, he will be paid RM50 per person until the sixth level.

Beyond the sixth level, the member will have to top up his membership until a maximum of RM30,000 to continue enjoying the benefit.

Members are also promised stock returns through e-shares and luxury items, including BMW cars, through luck draws when they reach a certain stage of recruitment.

Lim advised the public to be realistic and not to fall for any get-rich-quick schemes.

“There are no short cuts and no free lunch. Don’t be greedy,” he said.

Meanwhile, Gabungan Sukarelawan 1Malaysia (GS1M) lodged a police report at the Jalan Tun H.S. Lee police station against Zhang.

GS1M adviser Datuk Ng Bong Ching said he had received at least 30 complaints from the public on Zhang’s business model which appears to be dubious.

“I do not question the validity of the company’s direct sales licence, but its reliance on recruiting new members for income… that leads to a pyramid scheme, rather than selling actual products.

“Many people are attracted because RM300 is not a big sum and the promise of enormous monetary gain without doing any real work is way too tempting.

“If the scheme goes on long enough, Zhang will certainly be the world’s richest man at the expense of Malaysians.”

He added that GS1M had no intention of tarnishing anyone, but it wants police to look into the matter before people lose their hard-earned money.

A check with the Chinese embassy also revealed that Zhang had been detained five times in China for operating a get-rich-quick scam through his business empire known as Yun Shu Mao, said Ng.

GS1M president Tunku Muhammad Shaharil Tunku Mansor was alarmed that Zhang had been showing photographs of him taken together with ministers and political party leaders.

“Zhang is trying to portray as if the authorities have consented to his business,” he said.

Zhang had also been promoting his business aggressively, including in newspapers, magazines and a giant billboard at Penang Bridge.

Majlis Perbandaran Seberang Prai (MPSP) recently said that the advertisement along Penang Bridge will be taken down for flouting regulations.

Attempts to get in touch with Zhang’s websites at www.cdtup.com and www.yslm.hk failed as both websites could not be accessed.

A TRP reporter went for an event last night where Zhang was supposed to attend. However, he failed to appear.

KUALA LUMPUR, July 8:

There will be a nationwide crackdown on the premises of CDTUP International and YSLM, owned by “the world’s future richest man” Zhang Jian.

Domestic Trade, Cooperatives and Consumerism Ministry secretary-general Datuk Seri Alias Ahmad told The Rakyat Post today about the crackdown, which will include seizure of all items belonging to Zhang.

He said if Zhang was found to have broken the law, all his assets will also be frozen.

“We will launch raids on all of his stores nationwide and confiscate his merchandise.”

Yesterday, it was confirmed that the trade registered to Zhang was not a legitimate multi-level marketing (MLM) company.

“Therefore, we will act immediately to take action, starting with raids.

“We will summon this so called, ‘future richest man in the world’.”

Meanwhile, Alias confirmed that Zhang’s Penang branch and his office at Setia Walk in Jalan Puchong were already closed down after raids conducted by the ministry today.

“Among items confiscated were motorcycles, exercise machines, laptops, cutlery sets, photos and clothes.”

Alias said the case would be investigated under the Direct Sales Act and Anti-Pyramid Schemes Act 1993, section 27 (b) for YSLM and Section 6 (4) for CDTUP International Sdn Bhd.

“The case can also be investigated under Anti-Money Laundering and Anti-Terrorism Financing Act 2001 that carries fines of not more than RM5 million or jail of not more than five years or both.

Zhang Jian already ran away to Thailand. I already predicted this situation in my earlier post, but my destination was wrong, i put he ran to Zimbabwe! Haha!

Next I predict many downlines who lost money will go cry baby to the politicians and newspapers. I only have 2 words for you: Padan Muka!

Sista Mnet,

Your boss kena busted oredi. Are you still here??

Malaysia got a lot of Sohai. Went to tattoo Scammy Zhang at their back. Dunno sister Mnet got tattoo on her back or not? Curious to find out...

If not mistaken, Intan plan is RM4,500. Now money in longkang. Padan muka, Mnet! Hahaha!

Calling MNet! Calling MNet! Your downlines are now looking for you!!!

This shows that malaysian are BODOH....easily conned by the scammer from CHINA!