<< Read Full Article
<< Read Full Article
Chairman to Hang for Ant Scam
If Bernie Ebbers and Jeffrey Skilling think the punishments for their corporate misdeeds were harsh, they should be glad they're not Wang Zhendong.
Wang, the chairman of China-based Yingkou Donghua Trading Group, was sentenced to death by hanging for swindling $385 million from investors in a ant-breeding scam, according to China's state-run Xinhua News Agency. Only $1.3 million of the swindled money has been recovered.
In addition, 15 company managers were sentenced to prison terms ranging from five to 10 years and fines between $12,800 and $64,000. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet