Ant Farming Scheme
Hundreds of thousands Chinese have been doped out of their hard earned money by one company’s scheme. As much as $1.2 billion has been swindled by the now bankrupt Yilishen Tianxi Group, which claim the ants had medicinal powers when ground up. The “investors” were given crude boxes and strict ant feeding instructions. The company would then collect dead ants and use them for medicine, while promising a 30% return.