President Trump has chosen David Malpass to lead the World Bank for the next five years. Malpass currently serves as the undersecretary of the Treasury for international affairs. He has been a critic of the World Bank in the past, and as such his nomination has generated controversy.

Malpass’ doubts about the effectiveness of the World Bank makes this a good time to revisit how it intentionally overstated world poverty in order to get more money from American taxpayers, then fired the employee who wouldn’t play along with the scam.