Whereas our recently published
BehindMLM review of USFIA
primarily concentrated on their business model, in this article we take a deeper look into the origins of the scheme, what management have been up to and what’s been going on with USFIA outside of the US.

There’s a lot of information to get through (sourced from readers and my own research), so let’s get right into it.
Our journey deeper into USFIA begins with a closer look at the origins of the scheme itself.

We’d previously covered suggestions that USFIA originated out of China, with a news report claiming USFIA had been busted twice before.

Things in China apparently
began to heat up
following a bust in Thailand last year.

Following a complaint filed in Changde, China back in May 2014, Chinese regulators began to investigate “American Continental Mining Industries” (commonly shortened to just “American Mining”).

American Continental Mining Industries also claimed to source ROIs from the sale of amber, however

after a long time, there was no returns, and realized he had been scammed.

The Changde Ministry of State Securities headed up the investigation, who concluded that American Continental Mining Industries was indeed a resurrection of the long-running amber-based scam.

This (criminal) organization claimed to be started by a “China US Political Consultive Promotional Committee” and holds a Chinese “direct sales” license, and engaged in pyramid sales activities in Shandong, Liaoning, Zhejiang, Guangdong, Guangxi, Yunnan, Henan, Hunan, and various provinces, and many times using the name “American Continental Mining Industries” to hold several promotional meetings in China.

“China US Policial Consultive Promotional Committee” now goes by “US China Consultation Association”, who today USFIA claim they are owned by.

Changde MinSec estimated that as of June 2014, American Continental Mining Industries had sucked in over 80,000 victims to the tune of 1 billion RMB ($161 million USD).

Learning of their imminent arrest, two leaders referred to as Mr. Chen and Mr. Lu fled China.

Twenty two other individuals connected to the scheme were arrested, but with Chen and Lu on the run it persisted.

American Continental Mining Industries was renamed to “American Continental Amber”, with operations continuing in China but managed offshore.

Continuing to investigate the scam, Changda police became aware of an American Continental Amber event scheduled to take place in Thailand on October 29th.

Working with Thai police, the event was raided and Mr. Chen and Mr. Lu were arrested and extradited back to China.

I’m not sure if this is the same Steve Chan of USFIA fame, as I’ve seen his name spelt both ways.

In any event, those arrests in Thailand finally saw the end of American Continental Mining Industries operations in China. Shortly after however, those who escaped arrest in China, relaunched the scheme in the US.

Primarily targeting the Chinese-American community, ads began appearing i

🤖 Quick Answer

What is the USFIA GemCoin scheme?
USFIA is a Ponzi scam investigated across multiple countries including China and Thailand. The scheme originated in China and was busted at least twice before expanding internationally, with regulatory investigations initiated following complaints in Changde, China in May 2014.

What does the BehindMLM investigation reveal about USFIA?
BehindMLM's investigation examines USFIA's origins, management activities, and international operations beyond the United States. The review analyzes the scheme's business model structure and traces its development across different jurisdictions and regulatory environments.

Where did USFIA originate?
Evidence suggests USFIA originated in China before expanding to other countries. Thai authorities conducted a significant bust of the operation, which triggered regulatory escalation in China, leading investigators to examine the scheme's foundational structure and management practices.

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