The Yilishen Tianxi Group was a Chinese company established in 1999 which sold traditional Chinese medicine products made from ants. More than one million people invested 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 in 2007 as a ponzi scheme.

Do you think that Charles Ponzi could have been a legitimate businessman?

Share this episode with your friends for an entertaining discussion about where this famous financial fraudster went wrong.

Welcome to Crimes & Dimes with Joshua Krafchick, Andrew Saltman, and Rob Tamburri. We're here to entertain you with stories about famous financial fraud, discussing where white collar criminals went wrong.