The fake crowdfunding scam with a daily interest rate of 2% is worse than a nuclear explosion!

"Crowdfunding + charity" is not new, but the so-called "entrepreneurship + crowdfunding + advertising" model created by "crowdfunding + charity + mutual aid community" has successfully attracted the author's attention. A company called YBI (I Must Love) Youth International Entrepreneurship Mutual Aid Community, known as the first opportunity among opportunities and the king of mutual aid, officially came to China on March 5, 2016 to "help" Chinese entrepreneurs, "opening a new mutual aid model 'crowdfunding + charity' new direction!"

So, what is the essence of the mutual aid financial community that is parasitic on the new model of "crowdfunding + charity"? When the author deeply understood it, he found that it was another Ponzi scheme in the name of crowdfunding!

The UK YBI headquarters denies having an organization in China. According to the official website of the YBI China Youth Entrepreneurship Mutual Aid Platform, its headquarters is located in London, UK. It was established as early as 1983 by the British Prince's Foundation. It is a public welfare project to support young entrepreneurs. Currently, it has allocated 20 million pounds to the Chinese branch. However, the author saw on the official website of the UK YBI that the British Prince's Foundation has officially denied setting up any legal organization in China.

The website cannot be opened because the domain name is not registered?

The author searched the domain names of the so-called YBI China websites www.ybiin.com, www.ybicn.com and www.ybichina.com, and found that the registration information was all trading companies or no registration information. Moreover, these websites can no longer be opened, and the only website domain name that can be opened has no registration information.

Has the enterprise been included in the abnormal operation list?

The author further searched for WeChat public accounts and found quite a lot of results, most of which showed that the authentication time was April and May this year, and the account owners were mostly individuals, with a few being company entities. The author searched for their commercial entity information and found that they were all "included in the list of abnormal operations."

A project has millions of shareholders and everyone is advertising?

Putting aside issues such as corporate ownership, according to the so-called YBI China official website, "all profits are based on a good entrepreneurial project. Through equity crowdfunding, hundreds of millions of people become shareholders. In the Internet environment, they follow the principle of minority obeying majority to choose investment entrepreneurial projects, and from the beginning, the number of 'sellers destined to be eliminated by the market' is reduced, thereby increasing the success rate of entrepreneurial projects on the entire platform and reducing the risks of all investors."

However, I don’t know how the platform will handle the number limit and project management of equity crowdfunding? How much water will the project selection method of minority obeying majority have? And since “sellers destined to be eliminated by the market”, how can they not be eliminated by the market? If “sellers destined to be eliminated by the market” can succeed by overwhelming small advertisements, how can they “reduce the risks of all investors”? In the end, won’t they still be eliminated by the market and let investors take over?

Another advantage of its "million-level member investors" is that it can organize these huge number of shareholders to do marketing and advertising for the project, and give full play to the advertising value of each person.

“Through profit sharing, dozens or even hundreds of angel investors can jointly promote a project; using the advertising cluster effect, it is very easy for all startups to succeed; through the success of the project, all investment participants can get rich returns!”

“Reduce the impact of objective factors such as the market on entrepreneurial failure, thereby pushing excellent entrepreneurial projects to success during the operation process.”

The author does not know whether all investors are willing to advertise, but he is skeptical that advertising can "reduce the impact of objective factors such as the market on entrepreneurial failure."

Daily interest rate is 2%, recommended commission is 6%, and cash can be withdrawn in two days?

When it comes to specific operating methods, the author cannot see where the "crowdfunding + charity" mentioned in this new model is reflected, but finds that it is highly similar to the well-known Ponzi scheme - 3M Mutual Aid Community.

The author has consulted several YBI WeChat public accounts, and the content is similar. According to the articles published, its income model is also divided into static income and dynamic income. Among them, the static income is 2% interest per day, and the dynamic income includes relying on the layered recommendation and management mechanism, with no limit on the number of referrals and no limit on monthly bonuses. For every investment made by the referee, the referrer can get a recommendation commission of 6% of the investment amount, which is indeed "lucrative".

But no matter how attractive the income and referral mechanism are, it is still following the old path of the Ponzi scheme of developing downlines and recruiting people.

The physical project does not exist, so we still have to rely on recruiting people?

The author tried to find projects on the platform, but only the project name was displayed, the video introduction could not be opened, and the source of the project and whether it really existed were unknown.

Is the crowdfunding coin Ailecoin the most valuable virtual currency for investment?

What surprised me the most was that the platform had its own "crowdfunding wallet" and virtual trading currencies "crowdfunding coins" and "love coins", forming a closed trading system. Whether it is "crowdfunding coins", "love coins" or other virtual currencies, even Bitcoin cannot circulate freely in this market at present, and virtual currencies created by the platform itself without any review and inspection are "waste coins" once they are not in the system. In other words, in order to make the money in the system valuable, it must be withdrawn through the system.

There is no cap on bonuses, but there is a cap on withdrawals?

Although there are so many easy ways to get profits mentioned above, when investors want to withdraw money, there is a cap, and they need to make related payment operations continuously, otherwise their accounts will be blocked and their funds will be frozen and unusable. If they want to unfreeze, they need to pay a registration and activation fee of 200 yuan. In short, once the money is in, it is difficult to get it out again.

The number of registered people exceeded 200,000?

The promotional video on the YBI China website shows that YBI entered China in March this year, and carried out advertising bombardment in March and April, carried out a large number of ground promotion activities in May and June, and collected projects and launched them in July, August and September. In Shenzhen, where their platform is vigorously promoted, the author has not found any trace of YBI except for occasional negative news. However, according to its website, as early as April this year, the number of registered users of YBI China will exceed 200,000.

Has it helped 6 million young people start their own businesses and will never fail?

The "YBI China website" shows that YBI has helped more than 6 million young people start their own businesses, and has a "entrepreneurship support fund" to protect them. But how is the data derived? The so-called fund has also been denied by the British Prince's Foundation, which is hard to believe.

The website says, "If you want to make money, you must understand two things: the Internet and finance." Yes, the Internet and finance are indispensable in modern life and are also good investment and financing channels. But under the name of Internet finance, they are playing the Ponzi scheme of making money out of nothing, which is a discredit to the mass entrepreneurship and innovation and the four groups!

Recently, special political work on Internet finance is being carried out across the country. Crowdfunding experts call on relevant departments to deal with such Ponzi schemes under the banner of crowdfunding as soon as possible, reduce the harm of pseudo-crowdfunding to society, and restore the reputation of the crowdfunding industry!