Zhang Yufa, who caused two million Chinese people to be defrauded, with the amount of fraud reaching 500 billion, is known as the forefather of the pyramid scheme industry. He is the president of MBI Group. Currently, Zhang Yufa is still detained in Thailand and has not returned to China for trial.

Zhang Yufa spent ten years constantly upgrading his scam. After swindling hundreds of billions of funds, he hid in Thailand and became a monk. For a time, no one could do anything to him. Finally, he committed fraud again in Thailand and was detained by the Thai police.

In 2008, Hongdao Coffee House was established

In 2008, Zhang Yufa founded Hongdao Coffee House, but his purpose was not to open a physical store to sell coffee and desserts, but a shareholder recruitment mechanism. He recruited various shareholders, promised dividends, and promised that after 5 years, he would not only return the investment, but also give customers five times the investment amount. Yes, this is a Ponzi scheme, but people were not very clear about this at the time and invested in it. As a result, he ran away with the money. After running abroad, he continued to make money from this so-called investment coffee house.

In 2009, Dream Group

Human greed is endless. Zhang Yufa felt that this kind of physical fraud was too cumbersome, so he went to learn the SMI splitting mechanism at the time. Later, SMI was closed down, and Zhang Yufa ran back to Malaysia and set up his own company called MBI Group. He formed a very good management team and developed a set of extremely tempting and confusing professional rhetoric to attract investors. Then he began to package the company and invested a lot of money to buy advertising space in various prosperous locations, so that everyone who entered the city could see the strength of MBI.

MBI Company has launched an MFC virtual currency financial management platform. It is a virtual currency issued by itself, and then you can invest in it. The way to play this MFC virtual currency is to split the plate, claiming that it will only rise and not fall! If it rises too much, it will continue to split the shares, and then let the latecomers continue to take over at a low price, so that the early ones can make money. Therefore, it made many people make money at that time, but also made more people lose all their money.

Zhang Yufa built MBI into a charity company. He not only frequently publicized the company's charitable work and invited various social figures to participate, but also invited the media to broadcast on the spot to deceive investors' trust. He then invited some celebrities to endorse it and offered high dividends. The annual income from MFC virtual currency can be as high as 30%, which attracted too many people to invest crazily.

In addition, in order to increase the credibility of MFC, Zhang Yufa contacted his helpers in Malaysia and built MBI into a large international group with more than 40 real economy projects in Malaysia. He emphasized that its management and operation models are very innovative, rare in the Asia-Pacific region, and a unique management group based on Internet finance.

The MFC coin project also encountered problems during its operation, so Zhang Yufa issued another 900 million grams of WCG (Walker Gold). Through the exchange of Walker Gold and barter coins, as well as the development of new members, Zhang Yufa can generate huge profits.

It is by relying on these mechanisms and models that MBI attracted millions of users in my country from 2012 to 2019, with funds reaching 500 billion.

At that time, many people who were cheated went abroad to seek redress, but in the end nothing came of it.

You must remember one thing: if you are greedy for the interest from the project party, what they value is your principal. No matter how they operate, they will make money, and you are just a leek.