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:
“Even in harmonious families there is this double life: the group life, which is the one we can observe in our neighbour’s household, and, underneath, another—secret and passionate and intense—which is the real life that stamps the faces and gives character to the voices of our friends. Always in his mind each member of these social units is escaping, running away, trying to break the net which circumstances and his own affections have woven about him.”
—Willa Cather (1873–1947)