It is known as the “Green City” for its tropical foliage and Malaysians are heading there daily -captivated by promises of riches that could come their way. Dozens of Malaysians are being taken every day by syndicates on all-expense-paid trips to Nanning, a southern city in China near the Vietnam border.
These “investors”, were hoping to cash in on a supposed property boom there. Sadly, greed is their downfall. Many of them fall prey to so-called Nanning investment schemes.
The city was growing rapidly with plenty of business opportunities. But why do you have to go through multi-level marketing using a pyramid schemes. Investors paid between RM80,000 and RM150,000 to become members and given ‘shares’ or ‘units’ in return. However, these “investors” soon found out they could not recoup their capital unless they recruit more members to join the scheme.
“No one is willing to make a police report. Some are still hoping they can get their money back. Others are just too embarrassed because not even their spouses know that they have used up their savings on the ‘investment.
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