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Old 02-15-2007, 08:26 AM   #1
Cowperson
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Default Man to be executed for Ant-breeding scheme

Here at Calgarypuck, we're always interested in ways someone can bilk investors of $385 million by promoting ant-breeding . . . . then face the death penalty when caught.

A Chinese business executive was sentenced to death for swindling $385 million from investors in a bogus ant-breeding scheme, a court official said Thursday.

Wang Zhendong, chairman of Yingkou Donghua Trading Group Co., had promised returns of up to 60 percent for buying kits of ants and breeding equipment from two companies he set up, the reports said.


http://www.cbsnews.com/stories/2007/...8NA4VQ00.shtml

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