Planet Money

Planet Money explains itself like this: "Imagine you could call up a friend and say, 'Meet me at the bar and tell me what's going on with the economy.' Now imagine that's actually a fun evening."

#447: The Con Man Who Took Down His Own Country (Then Ran For Office) No ratings yet.

    Episode Description:

    A few years back, the Kenyan government wanted to encourage exports. So the government said to local businesses: For every $100 of stuff you sell to someone outside Kenya, we’ll give you Kenyan shillings worth another $20. A con artist saw an opportunity. He launched a company that exported nonexistent gold for nonexistent dollars, and collected a real government bonus. Then, when he was about to get caught, he started his own bank. That’s when the scam really took off. On today’s show: How one guy pulled off one of the largest financial scams in Kenyan history, avoided prison, re-branded himself as a man of God, and ran for a seat in parliament.

    Rate this episode:

    No ratings yet.