On August 23, a case that shocked countless people finally came to an end, when Zhang Yufa, a major economic criminal, was sent back to China, and the amount of his crime was as high as more than 100 billion yuan, and the number of deceived Chinese people was as high as more than 2 million.
After this incident was exposed, it was highly valued by people, but because the prisoner was overseas, even if he had been arrested, he still could not return to China for trial, which made many deceived people very uncomfortable.
So how did this criminal cheat out of his money? How was he repatriated?
Zhang Yufa was sent back to China
On August 23, with the cooperation of the Chinese Embassy in Thailand and Thailand's law enforcement agencies, the Ministry of Public Security's "Operation Fox Hunt" public security team extradited Zhang Yufa, a prisoner suspected of major pyramid schemes, back to China, causing an uproar, which was also the first economic crime suspect to be extradited since the signing of an extradition treaty between China and Thailand in 1999.
After Zhang Yufa is extradited back to China, it means that his fate will be fully explained in the hands of Chinese law, and he will also be punished as he deserves.
Deceived hundreds of billions of Chinese
As a pyramid scheme leader, Zhang Yufa used to be a well-known rich man in Malaysia, but in order to make money, he engaged in pyramid schemes, which caused many people to die.
In early November 2019, the police in Malaysia received a report that three men armed with knives broke into a mansion in Penang, Malaysia, and the owner of the mansion was Zhang Yufa's son Zhang Yiming.
According to Mr. Zhang, the three men who kidnapped him, claiming that they had invested money in his father's company, the MBI Group, but could not withdraw it now, asked Mr. Zhang to call his father and say that he just wanted the money that would be his.
But at this time, Zhang Yufa had already disappeared, and Zhang Yiming could not be contacted, and sure enough, Zhang Yiming did not get through several phone calls in succession, plus Zhang Yiming's driver noticed an abnormality, and after fighting with the three men, the three men took the opportunity to slip away, but they left two bombs in Zhang Yiming's home, but according to the description of the police afterwards, there was no explosives in the two bombs.
Although there is no loss in this case, it has attracted great attention from people, especially when this matter has been reported in China, and many people have realized that the MBI Group they invested in is actually a pyramid scheme.
So after that, a large number of deceived Chinese citizens went to the Chinese Embassy in Malaysia to report the case, asking the Malaysia government to give an explanation, and according to the participants, there were many victims in this case, and the initial estimated loss was as high as 100 billion, which is why they ran to Malaysia for help.
Zhang Yufa's method of deception
After learning of this incident, the embassy in Malaysia contacted the Malaysia government for the first time to understand the ins and outs of the matter, and finally found that this MBI group was not an investment company, but a proper pyramid marketing company.
In 2012, they came to the mainland to establish an MFC under the guise of game financial management, and their operation method is exactly what we are familiar with MLM, but they put the offline model all online.
Its main operation method is to pull people to invest money to develop downline, so the Chinese embassy issued a statement for the first time, indicating the nature of MBI's pyramid scheme, but at that time, more than 2 million people had been deceived, and the amount involved exceeded 100 billion, which can be said to be a huge economic crime.
But in fact, long before this incident, MBI had been listed as a pyramid scheme organization in China, and He Zhenqiu, Gu Xiping and others who were in China at that time were arrested and imprisoned, and Zhang Yufa, who was their superior, was not arrested because he was in a foreign country, but he was already listed as an important fugitive at that time.
Perhaps knowing the power of China's public security, Zhang Yufa ran to Thailand not long after these people were arrested, and Zhang Yufa's method of deception was also very simple, that is, he made a thing similar to a virtual currency, named M coin, at that time because the value of Bitcoin rose sharply, speculation became a trend.
They used speculation as a gimmick to launch M coins on the platform, as long as they spend 700 yuan to 35,000 yuan to buy these M coins, which can obtain the title of member, and then members can pull people in, as long as the people who pull up M coins, they will get a commission, obviously this is the means of MLM.
Just wearing the cloak of currency speculation, luring consumers to buy these currencies that are not very valuable in themselves, and deceiving them that these currencies will only grow and will not fall, this is to take advantage of consumers' greed for money, so that they have enough time to run away.
Ran to Thailand as a monk, and finally could not escape justice
In 2016, after China cracked MBI's criminal gang in China, it urgently froze the amount involved in the case of 140 million yuan, but these are only the tip of the iceberg of Zhang Yufa's criminal income.
So the Chinese police contacted the Malaysia police, and with their help, all 98 accounts of the MBI Group were frozen, and he himself was arrested by the Malaysia police, but MBI at that time did not thunder in China, and those who invested before 2017 basically did not lose much, and even some made some.
But after that, the people who invested were basically bloodless, especially Zhang Yufa's runaway, which directly made MBI completely collapse, and among those who went to Malaysia to defend their rights, an average of 750,000 people were cheated, and some people even invested 7 million and lost all of them.
On August 14, 2018, a woman committed suicide in a bomb shelter in Guangzhou, because of the failure of MBI investment, her entire net worth was defrauded, and she still owed 100,000 yuan in online loans.
The culprit Zhang Yufa was released on bail, which made many people incomprehensible, but the Chinese government has not given up arresting Zhang Yufa, in order to avoid the pursuit of the Chinese police, Zhang Yufa used special means to escape to Thailand.
But what he didn't expect was that he was arrested in Thailand in just 7 days, and when he was arrested, he had just taken refuge in a temple and became a monk, just over 7 days, but at this time he was faced with the question of whether Zhang Yufa should be sent back to Malaysia or China.
Zhang Yufa definitely wants to be repatriated to Malaysia, but he is bleeding heavily, and he can be released from prison with some money, and he does not have to go to jail at all, but what awaits him in China is harsh legal sanctions.
However, thanks to the efforts of the Chinese police, Zhang Yufa was finally deported to China for trial, and what awaits him will be punished by Chinese law.
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