Contributed by: filbert Friday, February 16 2007 @ 09:06 AM CST
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.
Comment (0)