I am not sure what to compare this Ponzi scheme to - the Wall Street collapse of 2008 or the internet scams? But an elaborate Ponzi scheme in Benin is threatening to bring the entire economy to its knees.
"Some had waited days outside the yellowing government structure, spending the night under a huge mango tree. Others in the crowd spoke of suicides and deaths from hypertension because of the losses. They brandished official-looking “I.C.C.” contracts with the Statue of Liberty and the stamps and seals that are a staple of West African officialdom. They said they had been enticed by seeing members of the government on television with I.C.C. officials."
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