These days M/s Tianshi Int’l Pakistan Co. Pvt. Ltd (commonly known as Tianshi or TIENS) (SECP Reg#K-09031 of 2002-2003), a China based Pyramid Scheme is doing a roaring business with the support of highly influential people in Pakistan. They have recruited hundreds of thousands of people in their Pyramid Scheme!
The company has disguised its Pyramid activity with the help of MLM of spurious drugs which are high priced and not saleable so that the members ultimately rely on recruiting more members down the line and make commission that way. Such scams are referred to as “Recruiting MLM” that reward recruitment over retail sales or a “Product-based Pyramid Scheme”. Tiens is running a retail chain of stores under the name of BannerStore (SECP Reg# 0065384) as retail outlets for these spurious drugs. The BannerStore serves as the MLM front to disguise the underlying Pyramid Scheme. This scheme is bad for the people because:
1. Only the people in the top of the pyramid chain make money. The ones at the bottom of pyramid eventually lose when the scheme collapses.
2. It is Haraam! You are not selling any products nor providing a service. You are not trading. You are not manufacturing. You are basically enticing people to entice more people with greed. Members essentially become recruiters who are recruiting recruiters to recruit more recruiters! It is an endless chain of people recruiting people in their down-line!
3. Besides, the products of Tiens are made in China! They do not have any concept of Halaal or Haraam.
4. Ultimately it will collapse….creating legal problems. All the people in your down-line will realize that you misled them and sue you. You may lose your job and your reputation for good.
These thugs are exploiting mainly the students and the unemployed youths by giving them a false hope of employment and financial success. They are easily misled with promises of making their dreams come true. They get impressed by Foreign Styles, fairy tales promises, well dressed staff, modern outlook, trained presenters, and well organized functions in which they award high value gifts to few with a lot of pomp and show under the patronage of influential people. Tiens has created a high profile image by using photos of its Group President Li Jinyuan with prominent people including Chaudhary Shujaat Hussain, giving the impression that these people endorse the company. This gives this Pyramid Scheme the legitimacy it needs.
The company has disguised its Pyramid activity with the help of MLM of spurious drugs which are high priced and not saleable so that the members ultimately rely on recruiting more members down the line and make commission that way. Such scams are referred to as “Recruiting MLM” that reward recruitment over retail sales or a “Product-based Pyramid Scheme”. Tiens is running a retail chain of stores under the name of BannerStore (SECP Reg# 0065384) as retail outlets for these spurious drugs. The BannerStore serves as the MLM front to disguise the underlying Pyramid Scheme. This scheme is bad for the people because:
1. Only the people in the top of the pyramid chain make money. The ones at the bottom of pyramid eventually lose when the scheme collapses.
2. It is Haraam! You are not selling any products nor providing a service. You are not trading. You are not manufacturing. You are basically enticing people to entice more people with greed. Members essentially become recruiters who are recruiting recruiters to recruit more recruiters! It is an endless chain of people recruiting people in their down-line!
3. Besides, the products of Tiens are made in China! They do not have any concept of Halaal or Haraam.
4. Ultimately it will collapse….creating legal problems. All the people in your down-line will realize that you misled them and sue you. You may lose your job and your reputation for good.
These thugs are exploiting mainly the students and the unemployed youths by giving them a false hope of employment and financial success. They are easily misled with promises of making their dreams come true. They get impressed by Foreign Styles, fairy tales promises, well dressed staff, modern outlook, trained presenters, and well organized functions in which they award high value gifts to few with a lot of pomp and show under the patronage of influential people. Tiens has created a high profile image by using photos of its Group President Li Jinyuan with prominent people including Chaudhary Shujaat Hussain, giving the impression that these people endorse the company. This gives this Pyramid Scheme the legitimacy it needs.
