Man promsing to use ants to make viagra like drug executed for scamming over $400 million...

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Topic: Man promsing to use ants to make viagra like drug executed for scamming over $400 million...

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Date: 16:24 12/01 2008

Man promsing to use ants to make viagra like drug executed for scamming over $400 million...

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BEIJING (Reuters) – China has executed the leader of a bogus scheme for breeding ants to make aphrodisiacs that conned investors out of 3 billion yuan ($439 million), the official Xinhua news agency said on Thursday.

Wang Zhendong was executed on Wednesday in the northeastern province of Liaoning, Xinhua cited an unnamed local official as saying.

The fictitious ant-breeding project that Wang fronted features prominently in posters and other government educational materials warning of the risks of pyramid schemes and other investment schemes that sound too good to be true.

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