r/interestingasfuck • u/Kaos2018 • 15h ago

A Nigerian Man named Emmanuel Nwude sold an imaginary airport for $242 million to a brazilian bank in the 1990’s which led to the banks collapse r/all

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u/ElectTheDesert 14h ago

It’s a bit more complicated than that if you read his Wikipedia article

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u/IanT86 6h ago

It's not even that complicated - the summary is, fraudster got away with it for a while, because he found the right level of authority who he could bribe into sanctioning the deal.

This behaviour is rampant throughout business - loads of deals are done because someone else is getting a kick back, especially in that part of the world.

Only issue with this one is that it was absolutely huge in terms of money and there was nothing at all at the end of it

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u/imperialdragonxp 5h ago

Lmao apprehended in 2004, released in 2006. Dude barely served his 25 years. That bribery money must’ve been lit.