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Title: Chinese Businessman Executed for Ant-Breeding Scam
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Published: Dec 14, 2008
Author: Steve Sailer
Post Date: 2008-12-14 05:06:52 by Turtle
Keywords: None
Views: 806
Comments: 28
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. Wang, chairman of Yingkou Donghua Trading Group, had promised returns of up to 60 percent for investors who purchased ant-breeding kits from two companies he ran. Ants are used in some traditional Chinese medicinal remedies, which can fetch a high price. Wang sold the kits, which cost $25, for $1,300, the local news media reported earlier. Wang attracted more than 10,000 investors from 2002 to June 2005, when investigators shut down his companies. The closure of his business set off a panic among small-time players who saw their life's savings disappear overnight. Xinhua had reported that one investor committed suicide after realizing he had been duped. Investigators put the size of the fraud at $416 million. Only $1.28 million was recovered. Poster Comment: I have been saying for years the Chinese are not a threat. Why? China has been around for thousands of years and has never been a great power, contrary to the mythology. Think Americans are dumb? The Chinese are even worse. This article is a perfect example.
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Begin Trace Mode for Comment # 21.
#1. To: Turtle (#0)
Still wrong.
Turtle is right 99.9999999998% of the time, and even more cute than he is right!
Well, now you aint cute and fer sure yous is wrong bout China.
Cute, right, and a big hit with the girls!
Ha..did Palin send YOU a special hand written thank you note and scented to boot??????
Palin is married, besides I never met her. I do know a woman in Alaska, though, and she's cute.
Married???????? Admitting defeat aready. Cute is for sunday School classes. Handsome is for the ladies of culture and taste.
Admitting defeat aready. Cute is for sunday School classes. Turtle is not handsome, he is cute, adorably cute. So cute he doesn't have to hit on married ladies, because truckloads of unmarried cute babes are always falling out of the truck at his feet.
See, admitting failure and shortcomings for all to see. Cute for UNMARRIED little girls that just stopped playing with dolls is one thing. Handsome that lures the MARRIED gurls is quite another. Turtle will never leave the shell of self subscribed cuteness. Cuteness, even if TRUE, is but a short passing stage of life. Handsome is forever and the gurls love it and swoon.
Turtle is the essence of cuteness and got it from his father. Even when my father was in his 50s my girlfriends would tell me he was cute. Turtle will be cute his entire life and is satisfied with truckloads of gurls spilling at his feet. So there, nyah nyah.
Best when the growed up gurls throw away their once cute munchkins for HANDSOME.
#22. To: Cynicom (#21)
Turtle is Munchkin cute.
Top • Page Up • Full Thread • Page Down • Bottom/LatestI have been saying for years the Chinese are not a threat.
#2. To: Cynicom (#1)
Still wrong.
#8. To: Turtle (#2)
Turtle is right 99.9999999998% of the time, and even more cute than he is right!
#10. To: Cynicom (#8)
Well, now you aint cute and fer sure yous is wrong bout China.
#12. To: Turtle (#10)
Cute, right, and a big hit with the girls!
#13. To: Cynicom (#12)
Ha..did Palin send YOU a special hand written thank you note and scented to boot?????
#15. To: Turtle (#13)
Palin is married, besides I never met her. I do know a woman in Alaska, though, and she's cute.
#16. To: Cynicom (#15)
(Edited)
Married????????
#17. To: Turtle (#16)
So cute he doesn't have to hit on married ladies,
#19. To: Cynicom (#17)
Turtle will never leave the shell of self subscribed cuteness.
#21. To: Turtle (#19)
Turtle will be cute his entire life and is satisfied with truckloads of gurls spilling at his feet.
Replies to Comment # 21. 
End Trace Mode for Comment # 21.