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(Asia Times)   Pyramid scheme suckered more than a million investors who bought a $1,300 box of ants, which they were then required to provide with food and water until death   (atimes.com) divider line 54
    More: Weird  
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11814 clicks; posted to Main » on 13 Jan 2008 at 6:20 AM (6 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2008-01-13 06:25:11 AM
Sounds awesome...where do I sign up?
 
2008-01-13 06:27:57 AM
You know who else had a pyramid scheme?

WRONG!

It was Cobra Commander.

/geek trivia ftw!
 
2008-01-13 06:28:30 AM
If this actually produced a product which was in turn consumed, and ran successfully for 8 years, was it just a failed business, rather than a pyramid scheme?
 
2008-01-13 06:28:58 AM
We should go to China, we could make billions...
 
2008-01-13 06:40:02 AM
PunGent: If this actually produced a product which was in turn consumed, and ran successfully for 8 years, was it just a failed business, rather than a pyramid scheme?

I'd like to subscribe to your newsletter. What's your e-mail address? You'll want to subscribe to my newsletter too, it has all kinds of wonderful business opportunities for an astute man of intelligence and business acumen as yourself.
 
2008-01-13 06:42:24 AM
Wang is to be executed.
 
2008-01-13 06:42:56 AM
tbn0.google.com

Prime farm land for sale.
 
2008-01-13 06:49:40 AM
Scifientologist: You know who else had a pyramid scheme?

Cheops?
 
2008-01-13 07:00:44 AM
Scifientologist: You know who else had a pyramid scheme?

Amway?
 
2008-01-13 07:21:07 AM
Scifientologist: You know who else had a pyramid scheme?

Campus Crusade for Christ?
 
2008-01-13 07:29:36 AM
Bomb Head Mohammed: Scifientologist: You know who else had a pyramid scheme?


Scientology?
 
2008-01-13 07:30:25 AM
Scifientologist: You know who else had a pyramid scheme?

Daft Punk?
 
2008-01-13 07:32:25 AM
Scifientologist: You know who else had a pyramid scheme?
Eric Flint
/obscure?
 
2008-01-13 07:32:53 AM
An ant is a friend for life. Well, its life anyway...
 
2008-01-13 07:34:27 AM
PunGent: If this actually produced a product which was in turn consumed, and ran successfully for 8 years, was it just a failed business, rather than a pyramid scheme?

Yeah, this. I mean, it's just another business that resorted to using employee payments as capital. I fail to see the pyramid, just a boss and a bunch of ant farmers. Don't pyramid schemes require more levels of fail than two?
 
2008-01-13 07:36:25 AM
Chinese. Amateurs.
2bangkok.com
 
2008-01-13 07:38:33 AM
Dead ant, dead ant,
Dead ant, dead ant, dead ant, dead ant, dead ant,
Dead ant...dead ant.
 
2008-01-13 07:42:28 AM
Scifientologist: You know who else had a pyramid scheme?

The Ancient Egyptians?
 
2008-01-13 07:47:59 AM
Scifientologist: You know who else had a pyramid scheme?


www.curtalliaume.com

Happy dew year!

/ant breeding- lol
//savages
 
2008-01-13 07:48:51 AM
starsrift: Yeah, this. I mean, it's just another business that resorted to using employee payments as capital. I fail to see the pyramid, just a boss and a bunch of ant farmers. Don't pyramid schemes require more levels of fail than two

Do you really think they made $300+ million in sales in a country (where people don't watch much tv) through banner ads where people phoned in to their call center and gave their credit card numbers even though such people probably didnt have credit cards much less bank accounts?
 
2008-01-13 07:49:12 AM
Tweeker: Wang is to be executed.

Time warp again? The leading article states that Wang was arrested last month.
 
2008-01-13 07:50:25 AM
ha ha. reminds me of the diet scams industry in the U S of A.
 
2008-01-13 08:19:27 AM
I guess China has very flat pyramids, because so far as I can tell, that scheme only had two levels. the company and the "investors".
 
2008-01-13 08:32:12 AM
This is a Ponzi scheme, not a pyramid scheme, at least as the article is describing it.
 
2008-01-13 08:38:01 AM
You know who else had a pyramid scheme?

The Social Security Administration?
 
2008-01-13 08:45:02 AM
Mobro4000: ha ha. reminds me of the diet scams industry in the U S of A.

HEY, the diet industry works. People lose weight. Is it their fault that it finds them again? A friend of mine lost 10 pounds last month and I found 5 of them around my waist. I don't like him any more.
 
2008-01-13 08:53:25 AM
nobozo: Prime farm land for sale.

I love my ant farm. Eating their little corpses gives me super strength, laser beam eyes and the ability to fly. If you would to share in this, please send me all your money.
 
2008-01-13 09:05:19 AM
I hate ant farms. It's almost impossible to milk the damn things.
 
2008-01-13 09:20:48 AM
Bomb Head Mohammed: starsrift: Yeah, this. I mean, it's just another business that resorted to using employee payments as capital. I fail to see the pyramid, just a boss and a bunch of ant farmers. Don't pyramid schemes require more levels of fail than two

Do you really think they made $300+ million in sales in a country (where people don't watch much tv) through banner ads where people phoned in to their call center and gave their credit card numbers even though such people probably didnt have credit cards much less bank accounts?


We're talking about "home remedies".
In China. Where people eat ground up rocks for similar health "reasons".

I'm prepared to believe it.
 
2008-01-13 09:29:57 AM
Wang Fengyou

Wang Zhendong


These guys are using their Fark names, right?
 
2008-01-13 09:35:02 AM
Man, I have to get in on some of this before we run out of ants!
 
2008-01-13 09:48:10 AM
Did someone say pyramid scheme?

static.howstuffworks.com
 
2008-01-13 09:54:36 AM
starsrift:

We're talking about "home remedies".
In China. Where people eat ground up rocks for similar health "reasons".

I'm prepared to believe it.


Dude, relax, youll make yourself sick. Take some pepto and iron supplements, youll feel better.
 
2008-01-13 10:20:52 AM
dial999: Tweeker: Wang is to be executed.

Time warp again? The leading article states that Wang was arrested last month.


Are you saying this Wang is hung?
 
2008-01-13 10:28:06 AM
dial999: Tweeker: Wang is to be executed.

Time warp again? The leading article states that Wang was arrested last month.


In February 2007 Wang Zhendong was sentenced to death for an ant-farming pyramid scheme.

In January 2008 Wang Fengyou was arrested for "instigating social unrest" and he was running ANOTHER ant-farming scheme. I'm guessing he's not going to get off with a fine.
 
2008-01-13 10:31:21 AM
I thhink we should adopt the Communist Chinese model on investment scams. Shoot the convicted scammer in the back of the head.

Poor Ken Lay had to cover his suicide up with a fake heart attack.
What a shame he couldn't have been helped along the way with a conviction and execution.
 
2008-01-13 10:32:07 AM
Wang Zhendong


/snicker
/snicker
 
2008-01-13 11:02:48 AM
Is there anything in China that *doesn't* have healing properties?
 
2008-01-13 11:13:01 AM
E-I-E-I-O
 
2008-01-13 11:37:24 AM
i30.photobucket.com

Just in case that pic does not work! (new window)

Monty Python: Department Store & Buying An Ant (new window)

SCRIPT:
Link (new window)


Chris: What do you feed them on?
Hartford: Blancmange.
Chris: Blancmange?
Hartford: I'm sorry. I don't know why I said that. No, you don't feed them at all.
Chris: Well, what do they live on?
Hartford: They don't. They die.
Chris: They die?
Hartford: Well of course they do, if you don't feed them.
Chris: I don't understand.
Hartford: You let them die, then you buy another one. It's much cheaper than feeding them and that way you have a constant variety of little companions.
Chris: Oh, I see.
Hartford: That's the advantage of owning an ant.


//first thing I thought of!
 
2008-01-13 11:55:54 AM
The word "ants" always makes me think of...

i189.photobucket.com

What is this...a school for ants?
 
2008-01-13 12:00:52 PM
GoldSpider: Did someone say pyramid scheme?

It wasn't a scheme until the goverment decided to spend the money instead of investing it...
 
2008-01-13 12:13:44 PM
smert: GoldSpider: Did someone say pyramid scheme?

It wasn't a scheme until the goverment decided to spend the money instead of investing it...


Which would have been great, except it was never intended to be invested. It was just another FDR wealth-redistribution programs.
 
2008-01-13 12:22:50 PM
Tweeker: Wang is to be executed.

And that's just for the "Failure to signal while changing lanes" charge.

/Strict folks, them Chinese...
 
2008-01-13 12:45:22 PM
Scifientologist: You know who else had a pyramid scheme?

The USDA?

www.schodack.k12.ny.us
 
2008-01-13 01:16:59 PM
Their death or the ants death?
 
2008-01-13 01:33:20 PM
i2.photobucket.com
 
2008-01-13 01:44:56 PM
moof: I'd like to subscribe to your newsletter. What's your e-mail address? You'll want to subscribe to my newsletter too, it has all kinds of wonderful business opportunities for an astute man of intelligence and business acumen as yourself.

I can't tell if you're being sarcastic or just an idiot, but he's actually right. These types of products are commonplace in China and generate lots of revenue for the people who make them. Just because the idea seems retarded to us doesn't mean there wasn't a genuine effort to turn those investments into profit, which would make it a failed business and not a scam.

Further, even if this guy knew 100% that there would never be any revenue from the ants - which is highly unlikely given that China has a hardon for executing scammers and this guy is only being charged with causing a nuisance - it still wouldn't qualify as a "pyramid" scam as there was no requirement for the "investors" to recruit other people in order to participate.
 
2008-01-13 01:51:01 PM
Nuclear Monk: Is there anything in China that *doesn't* have healing properties?

My guess would be various painted toys...
 
2008-01-13 02:21:34 PM
Scifientologist: You know who else had a pyramid scheme?

The Joker ?
 
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