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Is the Red Wealth Foundation a pyramid scheme?
1.? A single brand can't determine whether it belongs to the category of pyramid selling. MLM refers to the behavior that the organizer or operator's developer calculates and pays the remuneration to the developed personnel based on the number of personnel or sales performance directly or indirectly developed by the organizer or operator, or requires the developed personnel to obtain the qualification to join on the condition of paying a certain fee, so as to seek illegal interests, disrupt economic order and affect social stability.

2. According to Article 7 of the MLM Regulations on Prohibiting MLM, the following acts belong to MLM:

(1) The organizer or operator, through the development of personnel, requires the developed personnel to develop other personnel to join, and calculates and pays remuneration (including material rewards and other economic benefits, the same below) to the developed personnel based on the number of personnel directly or indirectly developed, so as to seek illegal benefits;

(2) The organizer or business operator, through the development personnel, requires the developed personnel to pay the fees or pay the fees in disguised form by subscribing for commodities, etc. , so as to obtain the qualification to join or develop other personnel to join and seek illegal interests;

(3) The organizer or business operator requires the developed personnel to develop other personnel to join, thus forming an online relationship, and calculating and paying online rewards according to the sales performance of offline personnel to seek illegal benefits.

The profile of Red Wealth Fund Company is as follows:

Date of establishment: June 20 13 13.

Business hours: June 20 13 to June 2033+02.

The poverty and backwardness in the old revolutionary base areas have attracted great attention from the central authorities. In order to promote the construction and development of the old revolutionary base areas, the China Association for Promoting the Construction of the Old Revolutionary Base Areas was established in July. 1990. The Fund Management Committee of the Old Economic Development Zone under the Old Promotion Association is mainly responsible for raising funds according to law and supervising the use of funds. The Foundation is headed by the State Council Poverty Alleviation Office and directly under the Association for the Promotion of the Aged. On this basis, Red Fortune (Beijing) Investment Fund Management Co., Ltd. (hereinafter referred to as Red Fortune Company) was established. By supporting the development of high-quality enterprises, the company promotes the economic development of the old areas and lets the people in the old areas get rid of poverty and backwardness.