Chapter 351: Pyramid Scheme

Chapter 351: Pyramid Scheme

Chapter 351: Pyramid Scheme
Yu Xing had dealt with a group of people involved in pyramid schemes before. That group of people were quite clumsy when they rushed into his office. Now it was his turn to come to their laboratory, and this group of people were not that smart either.

He mingled in the crowd and listened to a few words of Li Tianrui's description. He swallowed the technical aspects without much explanation, and then he started boasting about the returns from the original shares and the Hong Kong company's listing on NASDAQ.

This is exactly the area that Yu Xing is familiar with.

The so-called Nasdaq transfer listing is just an over-the-counter transaction with a simple threshold, which is completely different from the Nasdaq main board that the public is familiar with.

He saw that NetEase reporter Fei Jiashu was quite excited and explained the differences in a low voice.

Fei Jiashu naturally had no doubt about the words of the boss of the Nasdaq-listed company next to him. He just smiled and said, "It's still the information gap."

Not to mention people who don't usually come into contact with these things, even he himself, listening to the serious descriptions of "Hong Kong shell company" and "Nasdaq listing procedures" that deliberately concealed the details, would at least be skeptical if not really believing it.

Yu Xing said "hmm", turned his head and saw Song Yufeng walking leisurely from the direction of the office, and was sure that the force here was weak.

Before coming here this time, I had asked someone about the situation of the "Aerodynamic Car Laboratory" and also visited the Shanghai office of Xiangtian Group. Both places were quite simple, and I guess the pyramid scheme has not yet made much money.

"There are three people inside, all experts, talking about technology and carbon emissions." Song Yufeng came over and said with ease, "One of the experts is named Song Hongbin."

Yu Xing pointed at Professor Song, who he had found. "The one inside is Song Hongbin. Who is this one?"

Song Yufeng said seriously: "Ours may be fake. There is a photo of Professor Song hanging on the wall. It looks genuine."

Yu Xing sneered.

Song Yufeng added, "I saw some materials from Carbon Silicon Group in there. Mr. Zhou really wants to learn from us."

Yu Xing's expression changed slightly: "He even wants to go to Lingang to learn from me. He has a goal in mind."

Song Yufeng nodded. This Xiangtian Group probably regarded the Carbon Silicon Group as a sample of the new energy industry to increase its persuasiveness.

It is definitely a pyramid scheme, and it is definitely trying to get close to the Silicon Carbon Group.

Yu Xing said, "It was not a loss this time."

Song Yufeng deeply agreed with this and felt that this kind of pyramid scheme that could come up with specific projects was a very advanced one. Once it was developed in an organized manner, the amount of money could easily reach tens or even hundreds of billions.

Yu Xing was thinking, there are only a few cats and cats here, and there are parties like the real and fake Professor Song who can be confronted face to face, so things will be much simpler.

Li Tianrui from Xiangtian Group was surrounded in the middle. Feeling everyone's enthusiasm, he explained more passionately, describing with saliva flying the wonderful scene of the original shares increasing by one hundred times or two hundred times after listing.

"New energy is the future! Have you heard of Carbon Silicon Group? They make electric cars in Shanghai!"

"Compared to their range-extending technology, which still requires oil, our zero-emission technology is the future of the future!"

The crowd watching became a little agitated when they heard this.

Li Tianrui felt everyone's feedback and became even more excited.

After a while, he felt that he had finished speaking, so he smiled and said, "Go left, Mr. Liu, let's go to the office and sit down. Everyone can take a look at the materials for our upcoming listing on NASDAQ."

Liu Jiankai didn't agree: "Boss Li, tell us more, tell us more."

Li Tianrui looked at everyone's eager eyes, thought for a moment and continued speaking.

The weather in June was hot and it was getting close to noon. His back was soaked with sweat after such an enthusiastic lobbying.

"Mr. Liu, let's go, have some water and tea." After talking for a while, Li Tianrui licked his lips and kindly invited everyone to sit down.

Liu Jiankai shook his head: "Boss Zhou should be here soon, let's wait here."

Li Tianrui saw that Mr. Liu also had sweat on his face, but he still didn't go in to sit down. He suddenly felt a shock in his heart.

Before he could say anything, a black car slowly drove into the factory. It was Zhou Dingrong, the chairman of Xiangtian Group.

"Tell us more about it."

“Zero-emission technology is great!”

"Boss Li, can we go public this year?"

Voices came out one after another from the crowd.

Zhou Jiongrong got off the car at this time, saw a group of people, and heard such questions. He was a little surprised at the effect of this organized visit.

Li Tianrui saw the boss walking towards him and called out, "Boss Zhou..."

The crowd naturally made way for Zhou Jianrong to walk in with the gait of a dragon or a tiger.

Li Tianrui uttered an "ugh" and looked around at the strangers who suddenly seemed stronger and closed the passage after Mr. Zhou came in. He felt more uneasy in his heart.

He rolled his eyes but said nothing. Looking at the situation, he thought that if he was going to get beaten, it would be easier if he didn't say anything.

Zhou Jianrong stood beside his bus, looked at the crowd in front of him, and felt something strange. He said, "Everyone..."

"Mr. Zhou, I'm Liu Jiankai from the investment department. I made an appointment with you." Liu Jiankai said with a smile, "I came here early. Mr. Li just gave us a very good introduction. New energy is the future. We are very interested in aerodynamic cars now."

Zhou Jianrong nodded slightly, but still asked: "Boss Liu, why are you so many people..."

Liu Jiankai handed over his business card and said, "I've talked to you before. I used to work as an investor at Capital Today. Now I'm out on my own and have been looking for suitable project opportunities. Today I'm bringing people along to take a look."

Zhou Jianrong's first reaction was that Mr. Liu was also engaged in a Ponzi scheme, but after looking at the young men in front of him, he was more cautious and said with a smile: "Mr. Liu, let's sit down and talk."

Liu Jiankai had already surrounded the main person and was unwilling to let him go. He suggested: "Mr. Zhou, we are just looking at this aerodynamic car. Can you tell us about its technical principles? We are in urgent need of funds recently. I heard that your company in Hong Kong is also going to go public. We hit it off."

Zhou Jianrong took a quick look and insisted, "Boss Liu, let's go, have some tea and chat. What are you doing outside in the middle of the day? I'll treat you to some Da Hong Pao that I just got."

He took two steps forward, but the crowd in front of him did not move at all.

Zhou Jianrong's heart skipped a beat, and the smile on his face disappeared. He asked, "Boss Liu, what do you want to do?"

Liu Jiankai said innocently: "Mr. Zhou, we are here to see new energy vehicles and listen to new technologies."

"If you want to listen, let's go to the office. There happens to be an expert here today." Zhou Jirong was a man who would not suffer a loss in front of him, so he softened his tone.

"Then let the experts come and explain it to us, right next to the car," Liu Jiankai requested. "Everyone is very enthusiastic."

Zhou Jirong stopped talking, knowing that the people in front of him had bad intentions.

He looked around and suddenly saw someone who looked familiar. It was none other than Yu Xing, the founder of a real Nasdaq-listed company that he had recently watched an interview with and speculated about.

When Zhou Jiongrong discovered that the person in charge had come, he felt relieved. There was no need to be afraid of important figures.

He looked at Yu Xing and said bluntly: "Boss Yu, if you have something to say, just tell me directly. Why do you have to be so sneaky?"

Yu Xing didn't hide it on purpose. He just stood behind Liu Jiankai and said with a smile, "Zhou Jianrong, you invited me to inspect your aerodynamic car. I came to take a look today. Please explain it to me."

Zhou Jianrong said righteously, "Boss Yu, we don't inspect like this. If you have any opinions about our technology, let's discuss it properly."

Seeing that he didn't leak anything, Yu Xing turned his head and said to Song Yufeng, "Go and invite the experts to come and tell us about the technology."

When Zhou Jianrong heard this, he took out his cell phone and said loudly: "Boss Yu, what do you want to do? I want to call Director Liu. Do you want to sabotage our investment promotion work..."

Liu Jiankai didn't even finish listening to the words. He took a step forward and quickly snatched the phone from Zhou Jianrong's hand. Why are you fighting? What's there to fight about?

Zhou Jiongrong wanted to snatch the phone back, but was pushed back by the person next to him after just a slight push.

He shouted at the security guards to call, and then saw the two security guards being pulled aside for a friendly exchange. Zhou Jianrong was anxious and angry, and shouted with sweat on his forehead: "Boss Yu, Yu Xing! Are you going to break the law in broad daylight?"

"What law have you violated? We are here to investigate the project." Liu Jiankai pointed at the bus. "Your people have taken our money. We are here to find out more about the project. If you don't want to talk, then wait for someone else to talk!"

Zhou Jiongrong felt that the situation was not good, and tried to squeeze out, but his arms were locked instead.

Li Tianrui, who had been silent until now, saw his boss being humiliated like this, and he still shouted: "What are you doing!?"

Then, he saw a group of people looking at him with murderous eyes. He tactfully stopped what he was about to say and silently gave up struggling.

"Don't panic, it's okay, we just have a dispute." Yu Xing tried to appease the potential subordinates who had been tricked into coming, and then asked, "We have called the police, please go to the side and explain the situation."

It is also necessary to collect evidence at the scene of pyramid schemes in which those caught are involved, which also serves as material for journalists' reports.

The three sanctimonious experts who had been in the office were brought into the crowd.

"Professor Song, please introduce the technology to us." Liu Jiankai spoke and called out "Professor Song".

Professor Song Jia, whose mind was already confused, looked at this unfriendly scene in astonishment, unable to speak.

"What are you doing? You are depriving his personal freedom! He is an expert, how dare you, he is Qinghua's professor!" Zhou Jirong shouted angrily.

Song Yufeng stretched out his hand to stop Professor Song Zhen who wanted to come forward.

Yu Xing was surprised and asked, "Qinghua's professor?"

Seeing the effect, Zhou Jianrong immediately said, "He is Professor Song Hongbin! He is Qinghua's teacher! He is an expert in automobiles! Do you dare to imprison us? We were invited by the Merchants Group!"

Yu Xing asked Professor Song Jia: "Are you Professor Song Hongbin from Qinghua?"

Professor Song Jia hesitated and said nothing.

Zhou Jianrong shouted: "Professor Song! Professor Song!"

Professor Song Jia heard the voice and said, "I am Professor Song Hongbin from Qinghua."

Song Hongbin in the crowd couldn't hold back any longer, damn, damn...

Yu Xing frowned and said, "Professor Song, can you tell us how this so-called aerodynamic car is made? How does it maintain energy conservation?"

Professor Song Jia hesitated and said, "This, this..."

Zhou Jianrong shouted again: "Professor Song, don't tell me, this is our business secret!"

Song Hongbin couldn't help it anymore, he came out holding his glasses and said, "What the hell, he is Song Hongbin, who am I?"

Both the real and fake professors stood next to the bus.

NetEase reporter Fei Jiashu was so happy while filming this scene. Not to mention, the fake professor had a very handsome face, and looked even more realistic than the real one!

Zhou Jirong didn't expect the other party to be so well prepared. He opened his mouth, but suddenly had no way to explain.

Song Hongbin glared at the fake professor who was impersonating him and shouted, "Who are you, Qinghua's professor? You are breaking the law, you will be locked up! I am Song Hongbin! Liars, you are a bunch of liars!"

Yu Xing threatened from the side: "You are a fake professor trying to deceive people. The police will be here soon. Just wait and wait for them to go in and be imprisoned."

Professor Song Jia looked at the person involved and listened to the threats beside him. His already weak defenses were instantly broken.

He hung his head and blurted out everything, crying out for justice: "It was Zhou Dengrong! It was Zhou Dengrong who asked me to impersonate! It was him, he asked me to recite the information and lie to people! I didn't want to do this at all! It was all his mastermind!"

Zhou Jianrong closed his eyes, it was over...

NetEase reporter Fei Jiashu was amazed and recorded the scene of destroying the pyramid scheme den in front of him. He did not expect that such a project that had already received local support would be shattered at the first sight.

A breakthrough occurred, followed by a complete rout.

Next to it is the story told by potential subordinates about how Xiangtian Group promised high interest rates and bonuses for developing new people. In the middle is the fake professor's testimony of the whole process of the boss of Xiangtian Group letting him impersonate someone else. The performance of the so-called aerodynamic car is also exposed, showing that they are all bought things.

The claims that it does not consume oil or electricity are all scams. Before the demonstration, they secretly used electricity to compress the air, but it could only barely run for a while.

Zhou Jiongrong, who was under control, kept silent, knowing that the more he spoke, the more mistakes he would make.

However, the records of the entire process are enough to show that this is just another crude scam.

After Fei Jiashu confirmed that all the necessary materials had been recorded and transmitted, he called the local authorities and also called the China Merchants Group mentioned by Zhou Dengrong to explain the operation of the scam.

The matter was not actually complicated, but Yu Xing still went to the police station to explain the situation, and they ended this small operation in the evening.

NetEase reported even faster, revealing the situation and scam in the early hours of the morning.

Yu Xing, who hadn't fallen asleep yet, was surprised at NetEase's efficiency. After reading the report, he had to ask Fei Jiashu: "We went there as a group. Why did you describe it to me as a lone confrontation? They were all enthusiastic people? Didn't you say before that we should be objective?"

Fei Jiashu reminded: "Mr. Yu, you heard it wrong. What I said was 'try to be objective'. There are indeed people who are enthusiastic and there are indeed people."

Yu Xing had only one most intuitive feeling, which was that he was indeed studying journalism.

The collapse of a small scam only caused some small splashes. This wave of pyramid schemes had just begun to be put into action, but the amount involved was estimated to be around tens of millions. If it can be rolled out normally in the future, the amount will be at least hundreds of millions.

Yu Xing returned to Lingang. Although he felt that NetEase's report was not widely disseminated, he still received a call from Zhu Zehui, deputy director of Lin'an.

"Boss Yu, you... you really can't tolerate any grain of sand in your eyes." Zhu Zehui was shocked and sighed, "Next time I fight against counterfeiting, I will come to you."

Yu Xing replied in a somewhat dual capacity: "Director, no problem, I am a professional in fighting counterfeiting."

Zhu Zehui asked again: "Mr. Yu, is there really a 'Fighting the Cult Office' in your company?"

Yu Xing: “…”

Although the news report was not widely disseminated, it was reprinted on portal websites such as Sina and Sohu, and it even became a small hot search on Sina Weibo. As the main base, Bai Xiaosheng not only watched with interest, but also mentioned the pyramid scheme scam he encountered last time. This was the second time in the new energy industry.

Therefore, some people jokingly said that there is a special office within the Carbon Silicon Group called the "Anti-MLM Office."

Yu Xing replied: "Director, how is that possible?"

Zhu Zehui smiled and said, "After all, I believe in 'not burning oil or electricity', so it's normal for me to believe that your company has a 'fighting against the spread of the virus'."

He used self-mockery to dispel the serious inquiry about "aerodynamic cars" last time.

Yu Xing laughed out loud, and briefly reported on the recent progress of the Carbon Silicon Group. He also mentioned the eight-year plan that had just been released, and made an appointment to meet with Director Zhu, hoping that Lingang could help with the engine cooperation negotiations.

Zhu Zehui readily agreed and put aside this unprofessional incident.

Yu Xing, who is now increasingly appearing as the founder of Carbon Silicon Group, was described in NetEase's report as a person who cannot tolerate new energy scams. At the end of the report, he announced that he would personally donate 200 million yuan to an organization that combats pyramid schemes.

He also joked, "When the company's stock price is high, I will sell some stocks and donate some money to avoid encountering new energy scams next time."

One pyramid scheme scam, two pyramid scheme scams…Perhaps because of Bai Xiaosheng, or because of Carbon Silicon Group’s development in the field of new energy, many people think that Mr. Yu has a tendency to be deceived, but they don’t pay too much attention to it.

However, the MLM circle, which has always paid special attention to the word "MLM" in reports, couldn't help but change color when they saw two of their peers fall into Yu Xing's hands one after another and saw the financial support he provided for fighting MLM.

Some corners of the city held meetings at the same time, quietly adjusting the descriptions of high-interest and high-profit projects, avoiding new energy and people with the surname Yu.

(End of this chapter)