Yilishen Tianxi Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2007
Ant-breeding investment scheme exposed as a Ponzi scheme
The company’s promised repurchase returns became unsustainable after health-product sales declined. Accounts described Yilishen as using money from new participants to pay earlier investors, leading to widespread losses when the flow of new funds stopped.
2007
Investor protests and alleged official suppression
Thousands of participants protested missed payments in Liaoning. Reports described riot-police intervention, arrests, surveillance fears, and alleged beatings of people who attempted to publicize their losses.
2007
Arrest of Wang Fengyou
Wang Fengyou was arrested for alleged disruption of public order after investor demonstrations. His arrest and a televised confession became part of the public handling of the collapse.