Chinese conned over insect investment - 20 Feb 08

Thousands of people across China have been conned out of their life savings in a massive investment scam involving ant farms.

A chairman of one company in Liaoning province has been sentenced to death for duping investors out of millions of dollars.

Tony Cheng met one hopeful investor in Shenyang who fell victim to the con.

Category:

News & Politics

Tags:

• tony
• cheng
• ant
• con
• china
• aljazeera

[ROCantonia]

Obviously, the government has stake with the insect company, and this won't happen in the US.

[inkey2]

LOL....."Ant Power Company"

[sd141631]

It's very common here in china ,this kind of Ponzi scheme

[msteven515]

$10,000 for a box of ants? Crazy.

[brick4sale]

Yes it's called self censorship they do go after Arab governments just not Qatar.

[brick4sale]

Yeah that's where many good ideas for the games came from, like the torch.

[Ayeere]

non arabic = negative spin.

There was a story on Uk illegal sex trade then on the same day a story about how some arbab prince just loves his horses.

[himalayas7]

We do have such proverbs, but sometimes the influences of the mess opinions and the lure is so great that it can drive people to insane decisions.. Such people need to be protected..

[jsonic711106]

中国的悲哀

[himalayas7]

It's sad..