Eric Rasmusen's Weblog: Steve Saile:: Con man executed for $416 million ant-breeding scam

Tuesday, December 16, 2008

Steve Saile:: Con man executed for $416 million ant-breeding scam

Steve Sailer's iSteve Blog: Con man executed for $416 million ant-breeding scam

Via Mr. Sailer from the IHT:

China has executed a businessman convicted of bilking thousands of investors out of $416 million in a bogus ant-breeding scheme, state media reported Thursday. The official Xinhua news agency said Wang Zhendong, who had been found guilty of fraud and sentenced to death in February 2007, was executed in Liaoning Province on Wednesday.

Labels: law

To view the post on a separate page, click: at 12/16/2008 04:55:00 PM (the permalink).

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I've set up this blog for myself, as a commonplace book, with the idea that it might also be useful for outside readers. That is why the topics are idiosyncratic. I see that most of my readers are directed here by Google searching rather than being regular readers.

I will delete rude comments, and will give less leeway to anonymous comments than to signed ones. I will for now at least allow stupid and ill-informed comments, though other readers don't enjoy them unless they are so ignorant as to be funny.

I will revise my posts freely, usually without any note that they've been revised. If I make an important mistake in a post that I think people might refer to, I will note the mistake and correction. But I'm not trying to make this a historical record. In fact, I'd like to merge posts on the same topic and delete posts not of interest a year later, except that I never get round to doing that.

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Eric Rasmusen's Weblog

Tuesday, December 16, 2008

Steve Saile:: Con man executed for $416 million ant-breeding scam

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