BehindMLM revealed its MBI Worldwide assessment again in mid 2016.
Over the course of 200+ feedback, a lot of die-hard traders defended the Ponzi scheme.
Following the arrest of founder Teddy Teow and MBI’s collapse, traders are solely now starting to comprehend their losses.
Based on a report from The Solar Each day, over 100 Chinese language MBI Worldwide victims staged a protest outdoors the Chinese language embassy in Malaysia.
These weren’t Chinese language nationals dwelling in Malaysia although. The victims had particularly traveled to Malaysia from China, with the intention to protest outdoors the Chinese language embassy.
The alleged victims, who arrived in Malaysia on Monday from varied elements of China, claimed lots of them had borrowed cash from family members and different sources to make the investments.
They chanted and sang songs, calling on the Chinese language embassy to intervene.
Should you’re questioning why, it’s as a result of admitting to Chinese language authorities that you just invested in an unregistered MLM alternative most likely isn’t going to go nicely for you.
MLM Ponzi schemes are in fact additionally unlawful in Malaysia, however you’re not prone to be arrested for admitting you invested in a single.
And so we’ve the Chinese language MBI Worldwide victims travelling to Malayisa, to induce the Chinese language authorities to assist them recuperate their losses.
They claimed the lives of a whole lot of victims had been adversely affected, and a few had dedicated suicide after failing to recuperate their cash.
From a rational standpoint, the cash these folks invested has been stolen from whoever recruited them into MBI.
That cash is then handed upline to whoever recruited them, and so forth and so forth. It’s what occurs in each MLM Ponzi scheme.
Teow (proper) was arrested again in 2017 and charged final 12 months. Malaysian authorities estimate MBI Worldwide duped 350,000 victims out of round $165 million.
Teow’s most likely going to spend a while behind bars. However you may wager he’s stashed a superb proportion of MBI Investor funds offshore someplace.
After Teow serves his time, I think about he’ll disappear to Dubai or one of many standard MLM scammer haunts.
Flush with nonetheless many tens of millions MBI Worldwide victims handed over, Teow will then little question stay fortunately ever after.
That’s not what these Chinese language traders wish to hear, nevertheless it’s the cruel actuality of chasing MLM Ponzi goals.