More than 500 billion yuan was defrauded, 2 million Chinese people suffered, and the founder of MBI

Mondo Technology Updated on 2024-01-30

Have you heard of MBI International Group?A company that claims to create wealth by investing in virtual currencies and gaming money, it once attracted millions of members in China, promising them high returns and rewards. However, all this is a huge **, MBI International Group is actually a pyramid scheme organization that uses online gambling and money laundering to defraud countless investors.

The main messenger behind this ** is Zhang Yufa, the founder of MBI International Group. He was wanted in both China and Malaysia, but remained at large until recently, when he was finally in Thailand**. How the hell did he get caught?What crimes did he in?What does his ** mean for those investors who have been scammed?

MBI International Group's ** is mainly carried out through two platforms, one is MBI Mall and the other is Mface. MBI Mall is an online shopping platform that claims to allow members to earn points by purchasing goods or services, which can be exchanged for virtual currency mcoin on mface, mcoin's ** will fluctuate with the supply and demand of the market, and members can trade on mface to earn the difference.

MBI International Group also promises that members can receive daily dividends as long as they log in to mFace every day, and the proportion of dividends is determined according to the member's level, up to 10%. In addition, MBI International Group also encourages members to develop downlines, and by introducing new members to join, they can get more rewards and commissions.

Doesn't that sound great?However, all of this is a well-designed **, MBI International Group is actually a pyramid marketing organization that exploits the greed and ignorance of its members to induce them to invest more and more money, and then through false data and propaganda, creates the illusion that MCOIN is ***, giving members the illusion that their investments are increasing in value.

However, when members want to withdraw or redeem, they find various reasons and obstacles, and they cannot get their money back. MBI International Group also transfers members' money to their own accounts through online gambling and money laundering, thus achieving huge illegal gains.

The founder of MBI International Group, Teo Yu Huat, was born in Penang, Malaysia, a Chinese businessman who used to be an ordinary fruit vendor before venturing into real estate and hospitality to become a wealthy entrepreneur.

He founded MBI International Group in 2009 and began to promote his financial investment plans and virtual currencies in China and Southeast Asian countries, claiming that it would allow members to achieve financial freedom. He also built a huge MLM network with millions of members, all of whom looked upon him as a leader and mentor who admired and trusted him.

Zhang Yufa also likes to show off his wealth and status, he owns luxurious villas, expensive cars, expensive art and jewelry, and he often attends various social events and charity events, winning the praise and respect of many.

Beneath Zhang Yufa's glamorous appearance, there is a dark and ** soul, he is a ruthless **, he uses his eloquence and charm to deceive countless investors, leaving them into deep despair and suffering.

He is not only suspected of financial fraud and pyramid schemes, but also drug dealing, online gambling and money laundering, he is an internationally wanted suspect, he is hunted in China, Malaysia and Macau, but he has been evading the law until recently, he finally ended up in Thailand**.

Zhang Yufa, the founder of MBI International Group, is undoubtedly a great news for those victims who were cheated of their hard-earned money, they can finally see a glimmer of light and hope, and they look forward to Zhang Yufa being severely punished by the law, being able to recover their losses, and being able to give them justice.

It is reported that Zhang Yufa will be handed over to China for trial, which also comforts many Chinese victims, who believe that China's justice will give them a fair outcome

Zhang Yufa's **, does not mean that this ** is over, MBI International Group's ** involves many countries and regions, involving multiple levels and fields, the amount involved is as high as tens of billions or even hundreds of billions, and the number of victims has reached millions or even tens of millions, in order to completely uncover the truth of this **, to thoroughly investigate the responsibility of this **, to completely recover the loss of this **, it still needs more time and efforts, more cooperation and support, and more patience and confidence.

MBI International Group's ** is a financial crime case that shocked China and foreign countries, it involves huge amounts of money, numerous victims, complex methods and extensive impact, it also exposes some problems and loopholes in our society, such as the lack of financial supervision, weak network security, investor ignorance and greed, etc.

Zhang Yufa, the founder of MBI International Group, is a major blow to this ** and a major comfort to the victims, but this does not mean that this ** is over, there are still many problems and problems to be solved, there is still a lot of work and efforts to pay, and there are still many lessons and enlightenment to be learned.

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