Report: ‘Jewish Wisdom Network’ Scam Targets Chinese
A Ponzi scheme called the “Jewish Wisdom Network” bilked Chinese people by playing off the stereotype of Jews as an inordinately successful people, Foreign Policy reported on Tuesday.
The scheme apparently enticed investors by dolling out tidbits of Jewish “wisdom,” such as “a model employee gets to work on time” and “a regular worker is not very smart,” Foreign Policy reported.
The scheme, however, has all but disappeared, with just a few traces of it on the Internet, for example China’s Youku video-sharing website and on various forums, where some browsers asked in vain if they were ever going to get their money back.
“Isn’t the Suzhou Jewish People’s Wisdom Network a swindling company?” asked one user on the website QGanjue, referring to a Chinese city.
According to the report:
Technically, it appears to have been some sort of multi-level marketing organization, which compensates salespeople for recruiting others into the organization. Such outfits peddle everything from beauty solutions to Tupperware — in this case, probably to spread “Jewish People’s Wisdom” educational franchises through the country.
There is a widely held belief in China that there are secrets in Judaism — perhaps in Jewish texts like the Talmud — that make Jews “smart” and destined for success. According to Newsweek, books were published in China purporting to contain the secrets of Jewish business acumen hidden away in the Talmud.
“Titles such as Crack the Talmud: 101 Jewish Business Rules, The Illustrated Jewish Wisdom Book, and Know All of the Money-Making Stories of the Talmud share the shelves with stories of Warren Buffet and Bill Gates,” Newsweek reported.