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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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Old 02-15-2007, 08:36 AM   #2
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Wow. How do you find these stories?

I don't know what's more bizarre; his scam, or the fact that the Chinese justice system thinks it's execution-worthy!
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Old 02-15-2007, 08:43 AM   #3
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Wow thats nuts! $385 million in ANTS!?! Who knew?
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Old 02-15-2007, 08:48 AM   #4
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Wow thats nuts! $385 million in ANTS!?! Who knew?
I know, I think that I'm in the wrong field...
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Old 02-15-2007, 09:02 AM   #5
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Wow thats nuts! $385 million in ANTS!?! Who knew?
I have a business proposition for you, Frank. I don't want to give too much information away, but let's just say it involves...... bees.


PM me for details.
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Old 02-15-2007, 09:12 AM   #6
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I've heard from some clients that ant soup is a very popular delicacy in parts of southern China...
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Old 02-15-2007, 09:14 AM   #7
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Originally Posted by Iowa_Flames_Fan View Post
I have a business proposition for you, Frank. I don't want to give too much information away, but let's just say it involves...... bees.


PM me for details.
You know, this is even funnier to me because my brother is in South Korea and is getting bee venom injections for his torn rotator cuff! Haha!!
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Old 02-15-2007, 09:57 AM   #8
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Beijing 2008, here comes the world.
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Old 02-15-2007, 10:01 AM   #9
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That sounds like a promising investment, where do i send the money?
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Old 02-15-2007, 10:23 AM   #10
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I know, I think that I'm in the wrong field...

Of course this was no pun intended!
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Old 02-15-2007, 10:30 AM   #11
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Do they actually have a criminal code that shows what crimes can be punished by death....or can they dish it out to anyone they want?
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Old 02-15-2007, 10:31 AM   #12
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Of course this was no pun intended!


Glad someone got it - as cheezy as it may be!
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Old 02-15-2007, 10:39 AM   #13
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Do they actually have a criminal code that shows what crimes can be punished by death....or can they dish it out to anyone they want?
There is a criminal code, but there are always exceptions!
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Old 02-15-2007, 10:45 AM   #14
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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.

That's my favorite part. If it was legit, there would be no problem, just a lot of stupid investors.
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Old 02-15-2007, 11:04 AM   #15
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Well its the investors own fault. I mean really, who thinks that $385 million is enough to breed ants?
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