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  "documentTitle": "Pershing Square | Activist Presentation Deck | 63 slides",
  "authorId": "pershing-square",
  "authorName": "Pershing Square Capital Management",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-03-01 00:00:00",
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  "pageNumber": 38,
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  "notes": "Uses a simple causal flow diagram to link company practice to legal violation.",
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      "kind": "callout",
      "text": "PARTICIPANTS ORDERING PRODUCTS TO ACCUMULATE VOLUME POINTS",
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      "text": "VIOLATES",
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      "kind": "list",
      "text": "Direct Sales Regulations: A direct selling company may not “have the . . . commodities purchase serve[] as the condition[] for becoming a sales promoter.” (Art. 14.)\nPyramid Sales Regulations: An organization may constitute a pyramid scheme if it requires participants to “purchas[e] commodities for obtaining the qualification for participating in pyramid selling . . . .” (Art. 7(2).)",
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      "kind": "title",
      "text": "The Required Purchase of Products to Advance in the System Violates Chinese Law",
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