The Yilishen Tianxi Group (Chinese: 蚁力神天玺集团; pinyin: Yǐ Lì Shén Tiān Xǐ Jí Tuán) was a Chinese company established in 1999 which sold traditional Chinese medicine products made from ants. More than one million people invested money in the company, purchasing and raising boxes of ants with the promise that they could sell the ants back for a profit, before it was exposed as a ponzi scheme in 2007.
Read more about Yilishen Tianxi Group: History
Famous quotes containing the word group:
“The government of the United States at present is a foster-child of the special interests. It is not allowed to have a voice of its own. It is told at every move, “Don’t do that, You will interfere with our prosperity.” And when we ask: “where is our prosperity lodged?” a certain group of gentlemen say, “With us.””
—Woodrow Wilson (1856–1924)