EPISODE · Sep 7, 2026 · 14 MIN
Nanning pyramid scheme: How to spot a pyramid or Ponzi scheme
from CNA938 Rewind · host CNA
52 Singaporeans have been arrested and detained in China's Guangxi region over suspected pyramid scheme activities. The arrests came as part of a wider crackdown by Chinese authorities, with investigations still ongoing. The case has put the spotlight on a so-called "Nanning scheme", where Singaporeans are pitched investment opportunities and encouraged to recruit others. Elakeyaa Selvaraji and Hairianto Diman spoke with Olivia Siong, CNA's Senior Correspondent who investigated this and Chooi Jing Yen, Director, Chooi Jing Yen LLC, to find out more about the red flags that should make you walk awaySee omnystudio.com/listener for privacy information.
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Nanning pyramid scheme: How to spot a pyramid or Ponzi scheme
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