the People’s High Court in Liaoning, China...

the People’s High Court in Liaoning, China, confirmed the death penalty handed down in February 2007 by the People’s Intermediate Court of Yingkou to Wang Zhendong. Zhendong, president of the Yingkou Donghua Trading Co., Ltd, was convicted of defrauding 300 million euros. He created a fictitious ant-breeding project, where the ants would be used to make liquors and other aphrodisiacs. More than 10,000 shareholders were defrauded between 2002 and 2005.