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Chinese man gets death for ant-breeding scam

By RobotGod     Feb 15, 2007 in Crime
A Chinese man has been sentenced to death for conning people out of 3 billion yuan ($387 million) in a giant scam to breed ants, local media said Thursday.
Wang Zhendong, from the northeastern province of Liaoning, fabricated a business purported to be making wine, tea and medical elixirs using mature ants, the Beijing News said.
In parts of China, black ants are sold by the bagful to be steeped in tea or soaked in liquor as a natural remedy for ailments such as arthritis.
Wang sold packages of ants to the investors for up to as much as 10,000 yuan ($1,290) when they were only worth 200 yuan, China Central Television reported.
He conned more then 10,000 people. Investigators could only recover 10 million yuan and one of them killed himself. Wang said that he did not know anything about raising the ants. Way to go Wang, you earned your name. It is an original scam, I give him that. Crime doesn't pay kids. Is death too strict though? It ruined alot of people financially, but death seems a bit extreme. Especially when he could have his life and work to pay these people back in some way.
More about Ant, Breeding, Scam, China, News