Wonder why there are so many ponzi and MLM scams in China and Asian in general? I saw too many ponzi and MLM scams in that region and still don't get it why people still fall for those scams. Worst, scammers able to amass $3 billion before finally arrested by police. Was it because people were too naive or police are too incompleted?
There are many of these schemes not only in China and Japan, there are many of them everywhere. Nowadays, many come from Singapore, usually related to cryptocurrency.
Quite a few of these schemes are based in Russia. Beautiful words, marketing and the hope that you will get rich this time leads people straight into this trap. And of course, financial illiteracy does its job.