Predictably, Giving Money to a Crank Backfired
As things turned out, Juan Peron had been conned by a German World War II aircraft designer named Ronald Richter, who had wildly misrepresented his credentials in a successful bid to get funding for a fusion reactor. Argentine scientists knew Richter’s claims were bunk, but Peron wanted to believe in the Nazi scientist’s idea, so he did. As a result, a significant chunk of Argentina’s budget was diverted to what came to be known as Project Huemul, to build a massive compound for Richter on Huemul Island, in an Andean lake.
It backfired, and in a humiliation for all involved, Richter’s claims were debunked almost immediately after they were announced by Peron. Richter was eventually jailed for having “misled” the Argentine president. The embarrassed government razed most of the lab to the ground, and tried to pretend that the whole thing had never happened. After Richter was released from prison, he settled down to become a chicken farmer. He insisted to his dying days that his idea had been practical, and that he had mastered nuclear fusion.