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Wall Street bigwig Bernie Madoff became infamous about five years ago when a fraudulent securities operation he was running collapsed and cost his investors, including hospitals and charities, $17.3 billion. While Madoff’s crime may have been the largest-ever scam of its type, he certainly didn’t invent the method–he ran a Ponzi scheme, named for 1920s swindler Charles Ponzi. Nor was the Madoff scandal by any means the greatest damage a single individual has ever done to an economy – while those billions were a relatively small share of the $14.2 trillion GDP of the United States in 2008, other crises set off by one person ruined whole countries for years. Here are the stories of Ponzi and three others who brought down economies by sheer force of will.
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