AMBC APP is typical Ponzi scheme

Through APP and the Internet, 5% interest per day is used as bait, and virtual and real methods such as red packets and voice sharing are used to brainwash everyone. On the grounds of investing in African minerals, customers are attracted to buy company shares and become members. Members reach more than 10 people to form a team. It is a sun-ray development model. The team leader uses the number of development personnel and the amount of member investment as the basis for remuneration and rebates, and uses WeChat groups to absorb funds from unspecified groups across the country. It is a typical MLM + illegal fundraising + virtual currency Ponzi Scam, now there are people in our city participating in this MLM activity.