Tag: Yilishen

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China Executes Man for Ant-Breeding Scheme

Wang Zhendong, the man at the center of the Yilishen investment scam that resulted in mass social unrest, was executed Wednesday. The Associated Press reports: Wang, chairman of Yingkou Donghua Trading Group Co., had promised returns of up to 60 percent for investors who purchased ant-breeding kits from two companies he ran. Ants are used in some traditional Chinese medicinal remedies, which can fe