China police arrest 230 over pyramid scheme

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BEIJING: Chinese police have arrested 230 members of a suspected pyramid scheme, a week after a rare demonstration in Beijing protesting a crackdown on the group. The scheme, known as Shanxinhui or “philanthropic exchange,” is under investigation and the group’s founder Zhang Tianming, along with several employees, was arrested earlier this month. On Sunday, the Guangdong public security bureau said on its official social media account that 230 members of the scheme had been arrested, with 142 facing criminal charges. It added that 55 companies suspected of involvement in the scheme have been put under investigation, and pledged to “maintain the high pressure crackdown.” But in an unusual display of public disobedience, hundreds of protesters affiliated with the scheme gathered in the capital Beijing last Monday and 67 of them were detained.

AFP

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