Regulators target Atlanta online shopping marketer Zhunrize

The U.S. Securities and Exchange Commission said Zhunrize Inc., an Atlanta-based business that sells online stores to members who then sell company-provided products on those sites, has been ordered to halt operations after the agency accused the company of a global pyramid scheme that allegedly has raised more than $100 million.

Efforts were being made to reach Zhunrize and Chief Executive Officer Jeff Pan for comment. Pan also is named in an SEC complaint filed in U.S. District Court in Atlanta this week.

The SEC said the court has issued a temporary restraining order against Zhunrize, and the company’s assets have been ordered frozen.

Read more about this story on MyAJC.com/business, which is available to premium subscribers.

About the Author

Christopher Seward

Live airport security wait times and today’s trends

The AJC gathers real-time wait-time data from Hartsfield-Jackson Atlanta International Airport to show what security lines look like right now.

Microsoft’s newest AI ‘superfactory’ opens at sprawling Fayetteville campus

One of the largest data center campuses under construction in Georgia has its first operational tenant, and it’s one of the most recognizable names in technology.

In the market for a luxury vehicle? You might reconsider Lincoln.

The definition of “luxury” has shifted. It’s no longer just a softer ride with more chrome and gadgets; the real battle now is over experience. Lincoln is leaning in.

The Latest

Credit: TNS

In the market for a luxury vehicle? You might reconsider Lincoln.

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

Featured

Credit: Miguel Martinez

‘Worst nightmares come true.’ Atlanta confronts shift in homelessness funding.

Trump’s overhaul threatens permanent housing for an estimated 600 Atlanta households and 170,000 people nationwide, advocates warn.

Microsoft’s newest AI ‘superfactory’ opens at sprawling Fayetteville campus

One of the largest data center campuses under construction in Georgia has its first operational tenant, and it’s one of the most recognizable names in technology.

Atlanta officials quietly rebrand city’s DEI office

The city of Atlanta office overseeing diversity, equity and inclusion is getting a rebrand amid assaults at the federal level on such initiatives.