Ant-breeding scam leads to death sentence
- Friday, February 16 2007 @ 09:06 AM CST
- Contributed by: filbert
- Views: 2,354
I couldn't resist! Found in the K.C. Star:
Wang Zhendong, chairman of China’s Yingkou Donghua Trading Group Co., has been sentenced to death for swindling $385 million from investors in a bogus ant-breeding scheme.
Ants are used in some traditional Chinese medicinal remedies, which can fetch a high price. Wang sold the kits, which cost $25, for $1,300.