#ashraf el saad
Image Credit: Al-Masry Al-Youm Amassing a wealth of EGP 5.7 billion (USD 7 billion at the time) during his peak in 1986, Ahmed Al-Rayan was an Egyptian conman so notorious that a television series centered around his upbringing, businesses, and crimes. That wealth is equivalent to almost 20 percent of Egypt’s entire GDP during that year. Al-Rayan was only 30 years old at the time. In the United States, two decades after Al-Rayan’s Ponzi scheme, Bernie Madoff shocked Wall Street…
