Unconsciously, the brand founded by Zhang Ting and Lin Ruiyang was exposed to suspected pyramid schemes, and it has been nearly 4 months since it was investigated by relevant departments. Because there is no follow-up progress in this matter, it has gradually faded out of the public's vision.
On April 9, a financial media reported an explosive news. The "T T" brand founded by the two was once identified as a pyramid scheme, and the total amount of fines and confiscation was 21 million yuan.
According to financial media reports, they learned from the Baokang County Market Supervision and Administration Bureau in Hubei Province that in the three-and-a-half years from January 1, 2018 to July 2021, the revenue of companies involved in the main business of pyramid schemes totaled 9.171 billion yuan and profits of 192.7 billion yuan.
Although their revenue is quite large, the gross profit margin is less than 1%, or even only a pitiful 0.2%. It's hard to imagine where most of that money went. This situation is really puzzling.
The media learned from informed sources that the "T T" brand operator was identified by the market supervision department as constituting an illegal act of organizing and planning pyramid schemes, and all the illegal gains were confiscated, totaling 19.2799 million yuan, and at the same time was fined 1.7 million yuan.
According to public information, the main operating company of the "T T" brand is Shanghai Darvi Trading Co., Ltd.
Zhang Shuqin (real name Zhang Ting) and her husband Lin (real name) are at the top of the company's list of personnel, are the chairman, and Lin is the general manager and director. But curiously, the two did not directly hold shares.
In addition to serving as a director, Tao Hong, who ranks eighth, directly holds 1.93% of the company's shares.
Previously, it was reported that Tao Hong quit the company founded by Zhang Ting and Lin Ruiyang, but in fact she quit another media company. As can be seen from David's corporate structure chart, she is still the majority shareholder of the company.
Even in terms of the ultimate beneficiary shareholders of the enterprise, Tao Hong's proportion is higher than that of Lin Ruiyang, and Zhang Ting does not have this person in this table.
It's even more confusing. Apparently, the company was founded by Zhang Ting and Lin Ruiyang, both of whom held important positions in the company and held real power. It's really the level of the shareholding structure. Are they really "invisible"? Will they get away with it?
At the beginning, the two were reported by the masses for suspected pyramid schemes. After being filed and investigated, there was news that 600 million yuan of funds were frozen by the court, which shocked everyone for a while.
After that, Zhang Ting and Lin Ruiyang's social accounts were banned, could not be updated, and have not been unblocked so far.
Because of this, there is no way to know the latest situation of the couple. According to financial media reports, the two were not idle during this time. In February, they also formed a new company called Lifetime II.
At that time, as soon as the news of the establishment of the new company came out, netizens were shocked and confused, and they said that they did not expect the two to come back so quickly.
Nowadays, the "T T" brand has finally been exposed by the relevant departments as an illegal pyramid scheme, but it has to be said that compared with the sky-high income created by the "T T" brand through pyramid schemes, the punishment of the brand by the relevant departments this time inevitably makes people feel a little "too light".
However, there are still some doubts about this matter. For example, when the financial media that broke the news called the relevant departments, the staff who answered the phone were vague, first saying that they did not know about the matter, and then asking the reporter to go to the local area to verify.
But when the reporter further asked the other party for specific information, the other party said that it was "inconvenient to inform" and then directly hung up the phone.
Subsequently, another staff member explained to reporters that he did not know the specifics of the case, but it did seem as if there was such a thing. It can be seen that before the official announcement comes out, he still has to be careful about eating melons.
It is hoped that the truth will come out as soon as possible and that those who break the law will be punished as they deserve.