Thursday, February 15, 2007

Chinese man to hang for 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.

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