A scheme in China defrauded people of their money using the name “Jewish Wisdom Network” . It used Jewish stereotypes to draw people into the scheme, such as that all Jewish people are very successful. Most Chinese people have never met a Jew and there is a stereotypical belief that Jewish people are intelligent and destined for success.
The scheme disappeared with no trace of explanation whether victims would ever receive their money back. According to one report: “Technically, it appears to have been some sort of multi-level marketing organization, which compensates salespeople for recruiting others into the organisation. Such outfits peddle everything from beauty solutions to Tupperware — in this case, probably to spread ‘Jewish People’s Wisdom’ educational franchises through the country.”