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.

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