Shandong Ant Wang Zhangjianwa to raise nearly 1.2 billion of suspended death sentence

Lee attack a few days ago, Shandong "Ant King" Zhang received his verdict: Shandong Province Linyi Intermediate People's Court found him guilty of fund-raising fraud, sentenced to death, suspended two years of implementation, deprivation of political rights for life, and the confiscation of all personal property.　　With Zhang in the "Ant Kingdom" in "fighting" for more than 6 years of wife Zhang, also sentenced to 15 years imprisonment for the same charges.　　Started with 200,000 yuan, raised nearly 1.2 billion yuan in 6 years, resulting in the raising of farmers 352 million yuan to raise funds can not be returned, and in Zhang by the police to take coercive measures, many farmers also hope to "put him out as soon as possible, so that he can be a hundredfold ability to work, production, and gradually return the investment of farmers." 200,000 Yuan Zhang was started with 200,000 yuan.　　June 2000, the 29-year-old Zhang from Liaoning ant God Company resigned, back home in Shandong province Yishui County, ready to open another portal, a big fight. One months later, Zhang's "business" was officially opened.　　He invested 200,000 yuan to lease a site, claiming to have a health-care function of the black prickly ants, and to pay a margin for the name of high rebate as bait, began to fund-raising fraud activities. In order to defraud more funds, in August 2001, Zhang with illegal fund-raising money counterfeit and others in the name of co-financing, the establishment of the Yishui County God Ant Liquor Co., Ltd. In May 2003, Zhang and Zhang also absorbed some of the farmers to raise funds to convert into U.S. dollars, to Hong Kong exhibition Group and God Ant Company joint venture in the name of the false establishment of Shandong Ant and Spring Drinks Co.　　November 2003, and the use of illegal funds to register the establishment of the Shandong Public Joint Sales Co., Ltd., established in 2004 Shandong Zhicheng Bio-Industry Co., Ltd. In this way, Zhang on the "establishment" of the ant culture to produce and sell health drinks one-stop system.　　For its illegal fund-raising put a coat that can produce high profits through production and sales. Court hearing found that from July 2000 to July 31, 2006, Zhang and other illegal fund-raising 46300 people, set into 1.186 billion yuan.　　In addition to the payment of the principal 734 million yuan and the high interest of 284 million yuan, the 164 million yuan funds for the wasteful investment projects and advertising, corporate celebrations, sponsorship activities, the final result of the farmers investment funds of 352 million yuan can not be returned. Deception is not clever Zhang means is actually not complex, is far from clever. According to the court found that the Zhang Company and farmers signed an agreement, each small box of ants receive 200 yuan deposit, each large box 1000 yuan deposit.　　The annual interest rate has 30%, 35%, 40%, 50%, the first three kinds of 37 days a return, a total of 10 times, 50% is half a year, return 2 times.　　Zhang said in the statement, in the initial stage, in order to attract farmers to invest, the promised rate of return of up to 100% per year.　　As for not raising ants, that's another thing. "God Ants company ants plant in the process of purchasing, shipping, there is no accounting or registration vouchers,Workshop one months to the company to pay twenty or thirty kg of ants, only a little more than 10 kg. The company does not attach importance to the recovery of ant species, and does not receive, the company has no clear supervision and management mechanism.　　"The relevant witness in the case said so. According to the agreement, the farmers to the ant tank, can not be opened without permission. "Five-day feeding, spray water two times a day, to ensure the culture of humidity."　　Zhang told the farmer so. There are ants in the ant box, farmers do not know themselves.　　They don't need to know. In fact, it's impossible to breed ants. Nanjing jinling Ant Research Center related experts confirmed: black spiny ants on the life of the temperature, humidity has a certain requirement, if breeding, the Queen to fly to its living environment up to 200 meters height and ant king mating, after mating, the Ant King died, and then the Queen ant to fly down to lay eggs.　　So far, there has been no artificial breeding of black spiny ants successfully. The production of health wine to obtain high profits is the "Ant King" high return to raise farmers "reasonable" footnote.　　In fact, what he called the magical effect of "ant wine" is to take the ant bag and bathe it in the wine that has been blended.　　Why be fooled in addition to the establishment of one-stop system to enhance the "rationality" of fund-raising, the spread of money is his "development and growth" of an important factor. Just 5 days before he was taken to coercive measures, local media also to the "ants brew a happy wine" as the topic of the report: (the company) has established more than 30 breeding base, annual production of 10000 kg of goods, 6 years, only to help the disabled, laid-off workers, the development of ant culture of the elderly have more than 2000 households, Pay 800,000 yuan for the Aquaculture Fund.　　For the ant culture provides a new market outlet, but also the vast number of ant farmers of the Gospel. At this point, Zhang's capital chain has broken, he can not "cash" in time to raise money raising funds of the principal and interest.　　But at this point, he came up with the idea of going public.　　At that time, Zhang said, the recent period of time to return the ant breeding fee is not timely because the company organized 50 million yuan for listing procedures. A farmer raised money before told CBN Reporter, participate in the fund-raising only a small part of the income, it is some sober-minded, earn a sum of people go.　　And more people in the "money" after the hope that there will be more revenue, the principal and return investment, has been wiped out. A strange phenomenon is that after the Zhang, many farmers have reflected to the Government that they hope to release Zhang and allow him to continue to operate in order to return the farmers ' investment.