MLM organizations use POS machines to “cash out” involving 30 provinces and cities across the country.

At the training meeting, a man expressed the credit card cashing skills to the trainers present. "You can use only 10% of your quota to trade frequently, you can hold 90% of your cash in your hands without returning." . All this can be done with a small card reader, but you must pay a threshold of 1700 yuan to become a member. "This cost is not high. If you introduce other people to use it, you can earn this money back. So free of charge." The "sales staff" also said that it is only necessary to pay 1,700 yuan to purchase a POS machine to become a member of the company, and to develop a lower-level pyramid-like hierarchical relationship, and to obtain a commission according to the salary reward system. Li Yang became a member in such a training session.

According to the investigation by the Economic Investigation Detachment of the Meishan Public Security Bureau, this is actually a new type of pyramid scheme criminal organization. The MLM organization is based on Jiangsu Lianyungang personnel. The core activities are Shandong, Jiangsu, Liaoning, Sichuan and other places. Through POS machines, virtual consumption is illegally cashed, cards are used to raise cards, and credit credits are continuously improved. Training on the WeChat and offline meetings. After investigation, the number of member accounts registered on the website reached more than 210,000, and the membership level reached 186, with an amount of 13.1 billion yuan, involving 30 provinces and cities nationwide.

In the interview, Li Yang demonstrated to the Chengdu Business Daily reporter the credit card cash flow process of the “personal POS machine”. After the pairing was successful, Li Yang entered the corresponding amount, and according to the prompt, insert a line card into the card slot, enter the password and sign the confirmation, and then swipe the card successfully, the whole process is more than one minute. The bank’s credit card information shows that Li Yang bought a product at a convenience store in Shanghai. According to the police, every time you swipe your card, it will be displayed in different places in the country. "According to the confession of the suspect, there are more than 8,000 virtual merchants in the system."

In fact, regular POS machines are required to be merchants at the time of purchase, and at the same time, industrial and taxation procedures are required, and individuals are generally not allowed to handle them. However, this type of "personal POS machine" can be easily bought, and the registration is almost "zero threshold."

According to the police, “personal POS machines” are easy to obtain, and they are realized through virtual transactions. It is easy to get funds out of bank supervision and there is a great financial risk. According to the law, credit card cashing amount of more than 1 million yuan will be punished for illegal business operations. If the malicious overdraft is not returned, it will be suspected of credit card fraud.