Reporter | Yang Peiwen
Editor|Ren Zhijiang
Red Star Capital Bureau learned from authoritative channels on April 19 that the brand TST Court founded by Zhang Ting and Lin Ruiyang was secretly operating the main company-Shanghai Darwin Trading Co., Ltd. 96 properties under his name have been seized.
An authoritative person revealed to the Red Star Capital Bureau that the value of these properties is about 1.7 billion yuan, which is the secret office building of the TST Court in Shanghai, "The entire building is owned by Darwin, and 96 property books were divided. Month has been seized."
"The property rights of these properties have been seized and cannot be traded or mortgaged, but Darwin can still be used normally. The next step should be to wait for the Shijiazhuang Yuhua District Municipal Supervision Bureau to make a penalty decision before handling it." The above authority sources said.
According to public information, Darwin's headquarters is located at No. 28, Jiangyao Road, Pudong New Area, Shanghai.
An agent who used to be TST’s secret agent told the Red Star Capital Bureau that about a few years ago, Zhang Ting, Lin Ruiyang and his wife bought the building and publicized it to the agents, claiming to have spent 1.7 billion yuan.
The building is located on the bank of the Huangpu River, and TST has invited some agents to visit it.
Previously, Red Star Capital Bureau exclusively reported that the operating entity of TST Court’s secrets had been identified by Hubei Baokang County Market Supervision and Administration Bureau as constituting an illegal act of organizing and planning pyramid schemes, confiscated 19.2799 million yuan of illegal income and fined 1.7 million yuan.
(For details, please click the link: "Exclusive|TST Court Secret has been identified as a pyramid scheme, with a revenue of nearly 10 billion in three and a half years, and a fine of 21 million")
According to public information, the main operating company of the brand "TST Court Secret" is Shanghai Darwin Trading Co., Ltd. (hereinafter referred to as "Dalway Company"), which was founded by stars Zhang Ting and Lin Ruiyang in 2013, focusing on cosmetics and skin care products. category.
On April 7 this year, a person who was a secret distributor of the TST Court revealed to the Red Star Capital Bureau that the Baokang County Market Supervision and Administration Bureau of Hubei Province has imposed an administrative penalty on the operator of the TST Court Secret in September 2021.
According to the above-mentioned sources, Baokang County Municipal Supervision Bureau believes that the bonus system formulated by Darwin Company divides members into blue card members and red card members.
Among them, blue card members are ordinary consumers, and the bonus system for blue card members is in line with business practices, and there is no illegal situation.
However, the bonus system implemented by the red card members of Darwin Company requires the development personnel to develop other personnel to join in to form a relationship between up and down lines, and the behavior of calculating and paying the up line compensation based on the sales performance of the down line is related to the "Prohibition of Pyramid Selling Regulations". The circumstances referred to in the terms are pyramid schemes.
As the initiator, organization, planning and manager of MLM activities, Darwin Company constitutes the organization and planning of illegal MLM activities.
In the end, Darwin was asked to immediately stop the pyramid scheme, confiscated 19.2799 million yuan of illegal gains and fined 1.7 million yuan.
In other words, it was fined and confiscated 20.9799 million yuan in total.
On April 7, the Red Star Capital Bureau called the landline number disclosed by the Baokang County Municipal Supervision Bureau on the official website of the Baokang County People's Government. The staff who answered the phone first said that they did not know the matter, and asked the reporter to go to the local area of Baokang County to find relevant information. Personnel to verify in person.
On the same day, another staff member of the Baokang County Municipal Supervision Bureau told the Red Star Capital Bureau that he did not know the specific circumstances of the case, such as the confiscation of illegal gains and the amount of fines, "but it seems that there is such a thing."
According to the information provided by the above-mentioned persons, the Red Star Capital Bureau noticed that Darwin has developed a total of more than 7 million members from January 1, 2018 to July 2021.
During this period of about three and a half years, Darwin's main business related to pyramid selling has an income of about 9.171 billion yuan, but the final profit is 19.2799 million yuan.
Among them, the main business cost was 5.646 billion yuan, and the actual related expenses were 3.458 billion yuan.
The Red Star Capital Bureau noticed that the above-mentioned punishment was earlier than the time when the Shijiazhuang City Yuhua District Market Supervision and Administration Bureau opened the case for investigation.
In December 2021, the Market Supervision and Administration Bureau of Yuhua District, Shijiazhuang City stated in a "Reply to Verification Letter" that Darwin was suspected of using the Internet to engage in pyramid selling activities, and it had filed an investigation.
The incident aroused widespread public attention.
(Red Star Capital Bureau)