[e-gold-list] ponzi schemer sentenced to death

[Viking Coder]

[ http://preview.tinyurl.com/2vaf68 ] (globeandmail)
[ http://preview.tinyurl.com/3dbg4p ] (xinhuanet)

The chairman of a trading company in northeast China has been
sentenced to death after he was found guilty of raising 3 billion yuan
(380 million U.S. dollars) from gullible investors for a bogus
ant-breeding project between 2002 and 2005.

Wang Zhendong, board chairman of Yingkou Donghua Trading (Group) Co.,
Ltd. in Liaoning Province promised returns of 35 to 60 percent for the
fictitious project under the name of Donghua Zoology Culturing Co.,
Ltd and Donghua Spirit Co., Ltd.


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