Ant aphrodisiac conman executed (china)

Al-Reuters ^ | 11-27-08 | Jason Subler

[dynachrome]

BEIJING (Reuters) - China has executed the leader of a bogus scheme for breeding ants to make aphrodisiacs that conned investors out of 3 billion yuan ($439 million), the official Xinhua news agency said on Thursday.

Wang Zhendong was executed on Wednesday in the northeastern province of Liaoning, Xinhua cited an unnamed local official as saying.

The fictitious ant-breeding project that Wang fronted features prominently in posters and other government educational materials warning of the risks of pyramid schemes and other investment schemes that sound too good to be true.

One investor committed suicide after realizing he had been duped, while many others suffered from depression, Xinhua said.

[dynachrome]

If it sounds too good to be true.....

[fishhound]

He’s stiff now.

[exit82]

What am I going to do with all these ant farms?

[fishhound]

...aphrodisiac conman executed (china)

He’s stiff now.

[bobby.223]

yeah, and check out that name.....WANG zhenDONG.

[envisio]

>>>China has executed<<<<<

That punishment may sound a bit harsh.... but I betcha nobody will do the same scheme anytime soon; as oppposed to the here where the perp would get a slap on the wrist and someone else would be right behind him where he left off.

[KarlInOhio]

Aphrodisiac made by ants, from ants or for ants?

[KarlInOhio]

That punishment may sound a bit harsh.... but I betcha nobody will do the same scheme anytime soon; as oppposed to the here where the perp would get a slap on the wrist and someone else would be right behind him where he left off.

Around here if you run a big enough pyramid game you are likely to get a federal bailout to keep it from failing.

[dynachrome]

Interesting the Chinese fall for the same sort of pyramid schemes as here. Wonder how many have been scammed by the Nigerians?

[The Cajun]

Can we send Smiling Bob to China?

[dynachrome]

“The ants were to be used for making liquor, herbal remedies and aphrodisiacs.”

Sounds delicious!

[djf]

Can we do that to the people who put on the viagra commercials?

[dynachrome]

Enzyte commercials, with that Bob guy. (actually I find them funny)

[proxy_user]

Yes, I find it hard to believe these commercials are not skits put on by Monty Python would-bes.

[bitterohiogunclinger]

“Around here if you run a big enough pyramid game you are likely to get a federal bailout to keep it from failing.”
Hi, I’m Billy Mays, here to tell you about....

[Leisler]

One less Keynesian.

[doc1019]

Until you have to explain to your grand kids why Bob is so happy! ;-)

[Ruy Dias de Bivar]

What am I going to do with all these ant farms?

Sell them to an American who got involved with worm farms, then selling soap, then emu farms.

[Taichi]

Gotta admit they don’t fool around.

[steveo]

Uncle Milton is saddened...