UMD Libertarians

Retarts

Wish I came up with this idea.

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China executes man for ant-breeding scheme

Thursday, November 27, 2008

China has executed a businessman convicted of bilking thousands of investors out of $416 million in a bogus ant-breeding scheme, state media reported Thursday.

The official Xinhua News Agency said Wang Zhendong, who was found guilty of fraud and sentenced to death in February last year, was executed in north China’s Liaoning province on Wednesday.

The death penalty is used broadly in China. Though usually reserved for violent crimes, it is also applied for nonviolent offenses that involve large sums of money or if they are seen to threaten social order.

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 fetch a high price. Wang sold the kits, which cost $25, for $1,300, local media reported earlier.

Wang attracted more than 10,000 investors between 2002 and June 2005, when investigators shut down his companies. The closure of his business set off a panic among small-time players who saw their life savings disappear overnight.

Xinhua reported earlier that one investor committed suicide after realizing he had been duped. Investigators put the size of the fraud at $416 million. Only $1.28 million was recovered………………….

he knew the risks for living in a great country like China
the US needs to adopt similar radical practices

. is fucking amazing how many people swindle so many for millions and end up in some federal pen thats like a club med for like 10 years. I hope to get in the position to do swindle people out of millions only to have my lawyers get me off with 10 years living in one of these cushy prisons lol
The way I see it, if you’re too stupid that you believe something like this, you deserve to lose your life savings. That man should get a medal.
he should be killed for stealing 400 mill

lotta people in america should be too with the crap they get away with with fancy lawyers
they don’t mess around with embezzlement over there in China

sounds as awesome as it sounds
best part is they foot the bill of the bullets to family…if that scum bag has any

He was

.

you would be the first to take a ride in my execution van
In the US he would get tax cuts and a slap on the back

and you would see his infomercials on late night TV’s

BILLY MAYS HERE TO TELL YOU ABOUT ANT-PYRAMID

Now if they U.S. would execute the CEO’s that make over 20 million from these banks that are still getting bailouts……. Maybe they should have included that with the deal. If you get bailout, your CEO is executed.

add ENRON and MCI Worldcom CEOs to that list too

I like rides.

that’s funny.
MOTHERFUCKER WAS BALLING OUT OF CONTROL FOR AWHILE THOU

I was thinking the same damn thing.
They should’ve let the guy live just because of the lol’s

You ever spent time in jail?

Despite the whole neocon-labeling of prisons as "Club Med" when pushing for harsher conditions, jail/prison is NOT enjoyable in the least. Once you’re locked up for a time, you’ll realize that.

The ones who have never experienced incarceration are the ones who keep claiming it’s a walk in the park. It’s a belief based on ignorance of the actual conditions.

a $25 kit being sold for $1300….. if they’re too dumb to shop around for the best price on ant-breeding kits, it’s their own damn fault.

-> "Ant-breeding kit"
Sort by: Lowest price first.

wait wait wait. labeling prisons that the big ceo’s go to as club med is a neocon thing? are you serious? It always seems to be the super anti corporation liberals that do this

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