Crimes & Dimes

E2: Yilishen Tianxi Group. How Ants Lead To a Trail of Risky Investments.


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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.

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Crimes & DimesBy Joshua Krafchick, Drew Salt & Rob Tamburri

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