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Joined: 07 Jun 2005
Location: Spain/South Africa
Fri Feb 16, 2007 8:20 am
Death penalty over China ant scam
A Chinese company chairman has been sentenced to death for running a scam involving giant ants.
Wang Zhendong promised investors returns of up to 60% if they put money into the fictitious ant-breeding project, the court heard.
Wang, from Liaoning province, raised 3bn yuan ($390m; £200m) in three years, prosecutors said.
The ants are used in traditional medicines and remedies in parts of China.
Fifteen other staff members were fined and given jail terms of between five and 10 years.
More than 10,000 investors signed 100,000 contracts with the company before the case was investigated in June 2005, Xinhua news agency reported.
Only 10m yuan was recovered before the case was brought to court, it said.
One investor committed suicide after realising he had been duped, according to the court.
Wang's actions also caused huge economic losses for investors and many subsequently suffered from depression, it added.
YOU BASTED PIG HOW CAN YOU DO THIS TO ME I AM NOT SCAMMER
You are the pertetic fool with no ambition, you wasted our time, by doing this.
You white are reaping what you saw, by enslaving our forfather. if you like publish all your head white still fall for our trick, fool, is better you work with me because am demmm rich.
EAT SHIT IF DO NOT HEAR FROM YOU. MIND YOU YOUR NAME IS WITH MY SPIRITUALIST, YOU ARE ALREADY A MUGU.
you are a fool, your four father first scammed our four fathers. came to africa and stole our rich heritage. suffered us as slaves and killed us like ants. it is time to get back all what your four fathers stole from our four fathers.
we will not stop untill the europeans, americans etc . come begging for forgivenes.
Luther Blissett Elite Baiter
Joined: 06 Sep 2005
Location: Watford, Middle East
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