Wang Fengyou

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Wang Fengyou

Chinese businessman

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Ponzi scheme
…recently, in 2007 Chinese businessman Wang Fengyou, founder of Yilishen Tianxi Group, was arrested on charges of “instigating social unrest” after angry victims of his ant-farming scheme, which allegedly conned an estimated one million people out of more than $1 billion, mobbed government offices in protest. In 2008 David Murcia…
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…recently, in 2007 Chinese businessman Wang Fengyou, founder of Yilishen Tianxi Group, was arrested on charges of “instigating social unrest” after angry victims of his ant-farming scheme, which allegedly conned an estimated one million people out of more than $1 billion, mobbed government offices in protest. In 2008 David Murcia…
Read More