Zhunrise is a popular multilevel marketing company, taking in approximately 77,000 investors and $105 million since 2012 but, according to the SEC, it is also a Ponzi scheme. Zhunrise, which claims to be a new way to sell products online and is based in Georgia, operates as a Ponzi scheme because its commission structure is based on continually recruiting new members. Zhunrise makes the vast majority of its money, 80-90% of gross revenues, in set up and maintenance fees paid by new members. In other words, Zhunrise makes almost all of its money, not by selling products as it claimed, but by taking money from new members. If you believe that you have suffered losses due to a fraudulent Ponzi scheme, contact the attorneys at Investor Defense Law LLP at no charge to find out whether you have a claim.
Investor Defense Law LLP is a law firm dedicated to helping investors in California, Georgia, and Washington recover losses caused by stockbrokers, financial advisers, or investment firms. To learn more, contact an investment fraud attorney at 800.487.4660.