sky Cloud Century is an illegal fund-raising or pyramid scheme.

Yi Fei, an expert in Internet finance, believes that the model of SKY is exactly the same as that of MBI, and its essence is a pyramid scheme of Ponzi scheme. However, MLM fraud companies are set up overseas, under the banner of overseas companies, which makes it difficult for investors to understand, easier to be deceived, and also brings difficulties to accountability.

Extended information

The illegal marketing activity is carried out by "Blue SKY International Holding Group", referred to as SKY, which is highly suspected to be engaged in pyramid selling illegal fund-raising activities.

according to the network information, Blue SKY International Holding Group, also known as Cloud Century International Holding Group, is headquartered in the Philippines. The group claims that its SKY International Mall is a financial platform for members' consumption, and Sky coins are a new type of virtual currency.

SKY financial platform belongs to split mode. A domestic staff member of the group said that the split means doubling. Investors need to register their accounts and buy cloud points. One dollar equals one point. After seven splits, they will get 1.8 times the income.

"For example, if your account has 1, yuan, it will be doubled to 2, once, and then doubled to 4, from 2. If you split it seven times, it will be doubled seven times a year and two months, and you will get about ten times the income."

Yi Fei, an expert in Internet finance, believes that the model of SKY is exactly the same as that of MBI, and its essence is a pyramid scheme of Ponzi scheme. However, MLM fraud companies are set up overseas, under the banner of overseas companies, which makes it difficult for investors to understand, easier to be deceived, and also brings difficulties to accountability.

resources: yangguang. com -skyq scam! Xinhuanet-Sky Cloud Century reappears Ponzi scheme