Property belonging to Chang Ting and Kevin Lin with a total value of 1.7 million yuan (about US$642 million) has been seized. Chang and Lin are a married couple of Taiwanese actors behind Shanghai Dowell Trading, a cosmetics and skincare products company engaged in illegal pyramid schemes. The properties cannot be traded or mortgaged but can be used as usual.
Market regulators have already frozen nearly 600 million yuan of assets belonging to the company, confiscated 20 million yuan and fined Dowell 1.7 million yuan.
Shanghai Dowell’s official Weibo account still states that it is a legally operating company.
