Yes According to Aiqi's information, Li Yueli, the holding company of Mengzhong, is a liar. Li Yueli, a shareholder and senior manager of Guangdong Mengzhong Holding Co., Ltd., obtained many naming qualifications such as China SME Alliance and China SME Fortune Alliance by ingratiating himself with an old president of China SME Association (who worked as a leader in Shenzhen before retirement), and recruited MLM offline all over the country to illegally raise funds in the names of various stocks, trusts and funds.