Another Ant-Breeding Scam Busted
Chinese man sentenced to death for bilking $385 million from more than 10,000 investors in bogus ant-breeding scheme. Seems a little harsh. After a feat like that, I’d give the guy an endowed chair at the Glorious Songun School of Juche Idea Financial Development for the Exaltation of Kim Jong Il’s Astounding Business Acumen.
Topics: China
Posted by Jules Crittenden at 9:29 am on Saturday, February 17, 2007
4 Responses to “Another Ant-Breeding Scam Busted”
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February 17th, 2007 at 11:49 am
Scam?
SCAM!!??
But, but all my savings. My money. MY MONEY!! Come back here…
Jesus F. Christo on a unicycle. $385 million? This is an opening for many more scams against the Chi-Coms. If an ant-breeding scheme can milk that kind of money, think how much an internet security cable will rake in. Or a lottery. Or that old prank mail-order “X-Ray glasses” or “Let’s you see through walls” idea.
February 17th, 2007 at 2:05 pm
Is he selling his contact list?
February 17th, 2007 at 8:53 pm
Ants? How were they to make a profit? Doing what? I mean, I could understand worms. Or mushrooms. But ants?
How did the people who invested that kind of money come by it in the first place?
Ants? That’s almost better than carbon credits.
June 2nd, 2007 at 8:30 am
Jessie