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:
“He hung out of the window a long while looking up and down the street. The world’s second metropolis. In the brick houses and the dingy lamplight and the voices of a group of boys kidding and quarreling on the steps of a house opposite, in the regular firm tread of a policeman, he felt a marching like soldiers, like a sidewheeler going up the Hudson under the Palisades, like an election parade, through long streets towards something tall white full of colonnades and stately. Metropolis.”
—John Dos Passos (1896–1970)