Recently, the Thai National Police Assistant Director General Surache said that the national police received the extradition application from the Chinese police last month for the MBI pyramid scheme founder Zhang Yufa, and the extradition procedure has been submitted to the General Prosecutor's Office for processing, and it is expected that Zhang Yufa will be extradited to China for trial by the end of this month.

From 2012 to 2019, in only 8 years, Zhang Yufa frantically amassed more than 500 billion yuan, of which 2 million Chinese were deceived.

FX110 has already listed MBI as a false trader, and has reported MBI cases many times: See "Tianxiu! MBI financial management, dying to cheat another wave!" "Four MLM backbones of MFC Platform of" MBI Financial Management "were sentenced!"

On October 17, 2019, more than two hundred Chinese MBI victims gathered from the country and marched all the way to Kuala Lumpur, Malaysia to demonstrate "debt collection", which caused a stir in Malaysia.

Under investigation by law enforcement agencies in many countries, Zhang Yufa quickly left Malaysia. He was arrested in Thailand in July after traveling around the country and shaving his hair to become a monk in a large Thai temple. Prior to his arrest, he was leaving Thailand on an IUU (Illegal, Unreported and Unregulated Fishing) fishing vessel, which the Thai authorities contacted Datuk Seri Cham, Director-General of the Malaysian Political Department, and then brought the boat back to Thailand with the cooperation of the Malaysian police.

Mr. Surache said Mr. Zhang, 55, was arrested on charges including money laundering involving online gambling in Thailand.

Over the years, the 2 million victims in China have been running around trying to get their money back, but Zhang Yufa has been hiding in Thailand, people have no way to take him, and there is no answer to the compensation problem. But after Mr. Zhang's arrest, and especially if he is extradited back to China, the possibility of recovery becomes available.

It is reported that Malaysia Enbiai Group (MBI Group) under the guise of game finance MFC, its operating model is in line with the Ponzi scheme in the head, investment, development and other characteristics, by the public security, industry and commerce and other departments characterized as pyramid schemes.

Regarding the "MBI" network pyramid scheme case, the latest news from the Sichuan Provincial Public Security Department is that: At present, the Ministry of Public Security has approved the application for launching a national cluster operation through the case.

According to China Quality Miles, the amount of money involved in the case of MBI in China may be as high as 100 billion yuan. According to data collected by activists, MBI has more than 2 million domestic investors. The victim can report to the local police station in order to recover the cheated amount as soon as possible.